Comment by Pooge

7 hours ago

I couldn't have said it better. I don't understand what they solve.

We need instant, free SEPA transfers around the clock. Switzerland is not part of SEPA but IBAN is used so it is trivial to send payments to foreign accounts that have an IBAN.

I always say that the day Trump decides to block Visa/MasterCard outside the US is the day we get instant payments and finally get rid of cards.

2 comments

Pooge

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ptman  3 hours ago

SEPA instant already exists. I think it guarantees sub-10s transactions. Unfortunately it is not the default.

  • Pooge  1 hour ago

    SEPA is only for Euros but there are countries that don't use Euros that still use IBAN (e.g. Switzerland and UK).