Hacker News new | ask | show | jobs
by mathverse 174 days ago
You misread this comment. Thai payment system works across the Asian countries (they are not in a UNION are they?). You can use that payment system if you have a bank in Singapore,Korea,Indonesia etc.

Instant no fee payments.
1 comments
kevin061 174 days ago
SEPA is instant and no fees outside the EU too, like Norway and UK.

It's great Thailand has this, but I still fail to see how EU trying to copy Thailand (for a definition of copying) makes you lose faith in the EU. You would rather not have this no-fee payment system in the EU? How is this at all a negative thing?

link
mathverse 174 days ago
>SEPA is instant and no fees outside the EU too, like Norway and UK. This is not the point. They need to be in SEPA for it to work.

>It's great Thailand has this, but I still fail to see how EU trying to copy Thailand (for a definition of copying) makes you lose faith in the EU. You would rather not have this no-fee payment system in the EU? How is this at all a negative thing?

The point is Thailand managed this due to economic, capitalist needs across different countries and cultures.

The EU is a union and did not even manage to do that as well as Thailand.

link
kevin061 173 days ago
ES has Bizum, NL has Tikkie, and iDEAL, IT has Bancomat, Poland has BLIK.

Thailand is just a country. Why are you comparing Thailand to the world's second biggest economy?

Are you really telling me that failing to coordinate several dozen countries, some with their own currency, is a showcase of failure of the EU?

This makes absolutely no sense.

link
omnimus 173 days ago
Those services you mentioned along with some others (like German Giropay) have been connected under one umbrela of Wero in 2024.

That's whats so confusing about this Digital euro. Why not just push Wero? It already is cooperation of many banks that have presence all around europe. I guess difference is that Digital euro will be going through european central bank? That could be huge fail because by 2029 (when digital euro should start) SEPA instant payments with QR codes and initiatives like Wero will be super established.

link
samus 174 days ago
It's not surprising at all that a single country could do this, especially since it's such a relatively affluent one and none of their neighbors had anything similar.
link
mathverse 173 days ago
Thailand is definitely not an affluent country.
link
samus 173 days ago
That why I used the word relatively. Many of its neighbors are way less affluent.
link