Comment by Jensson
7 months ago
> does making credit cards a less lucrative business lower credit card penetration?
It doesn't, EU uses card payments much more than the US. So end of discussion there, it got cheaper with no negatives, just positives.
That's false. It's 66.7% in the US. Only Iceland, Luxembourg, Switzerland, and Norway are higher.
https://genderdata.worldbank.org/en/indicator/fin7-t-a?gende...
(also, you answered - incorrectly - only one of the questions that I brought up)
That doesn't include debit cards, most people don't want nor need credit cards. I can count on one hand the amount of times I have seen people use cash the past year, basically everyone uses cards.
We have VISA and Mastercard with debit, not credit, so it works everywhere.
Sure, but the question was specifically regarding credit cards, not debit cards. In which case, they would be correct in that penetration is appears lower for credit cards in the EU no?
Note, I am not suggesting that is a bad thing, I fail to see largely how its a bad think but perhaps I lack enough understanding to see why people not loading up on credit cards is a negative.
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