Comment by makeitdouble

> installments, card on file and other typical services

These are typically cherished by the issuers and not really wanted/needed by the customer. Card installments in particular are the bane of our society IMHO and straight loans replace them properly.

Many banks in EU already had loan systems integrated to deal with oversized purchases and extraordinary months, so getting it out of the network doesn't remove the service to the customer in most cases.

We're kinda seeing this playing out with alternative payment systems in Asia for instance: they provide way less options, yet get very popular.because people just don't miss the extra stuff.