Yep, I scan a QR code that they give me and my bank, any bank in my country, will transfer the requested amount to the restaurant in one click on my phone. With two additional clicks I can send a QR code made by my bank to my friend who can transfer his part to me. Both transfers happen within a second.
On the way home, I pay for public transport by bank transfer by holding my card to the reader when getting on the bus, then off the bus. It’s simple and secure.
You gonna organize a bank transfer to pay your dinner check?
Yep, I scan a QR code that they give me and my bank, any bank in my country, will transfer the requested amount to the restaurant in one click on my phone. With two additional clicks I can send a QR code made by my bank to my friend who can transfer his part to me. Both transfers happen within a second.
On the way home, I pay for public transport by bank transfer by holding my card to the reader when getting on the bus, then off the bus. It’s simple and secure.
Oh wow, how interesting…
I’ve definitely never seen that in the US
It’s called Zelle. We have it, it just isn’t as ubiquitous.
I only know Zelle as the scammer’s app of choice.
How does Zelle make money?
They charge the vendor/bank for the service.
And sell your purchase history. (Exactly, it must be said, the same way Visa et al make money.)
According to my research, they do not.
That’s the whole reason it was put forward in the first place.