Wero, Konek and JCB handshaking on getting rid of american payment processors.
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[โ€“] -2 points 10 months ago (7 children)

Hopefully UnionPay will get more popular as an alternative in the near future

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  • [โ€“] 6 points 10 months ago (6 children)

    A Chinese company. How on earth would that be any better?

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  • [โ€“] 1 point 10 months ago (3 children)

    The post specifies "American companies", I provided a non-american example. Certainly I prefer the possibility of choosing from two countries.

    Also, as for how China is better, China hasn't sanctioned any country AFAIK from using UnionPay unlike the USA, so it has no precedent of being used as a political tool

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  • [โ€“] 1 point 10 months ago (2 children)

    Making such an infrastructure change is such a heavy thing to do that frankly even if we would assume that China is somehow benevolent (an absurd claim imho but let's assume), it wouldn't be worth it.

    The only alternative is a real European implementation.

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  • [โ€“] 2 points 10 months ago

    At least from the wikipedia article, seems UnionPay can be used wherever Discover is accepted, as they have an inter-operative agreement.

    It's true it is an alternative, but it doesnt seem like a beneficial switch either.

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