Originally Posted by
Palal
If you notice, most CC processing terminals are bank terminals and not POS terminals in Europe. Very few are fully integrated.
Even the PIN pads tend to have bank/processor branding on them elsewhere (what's known as "semi-integration", where the POS only really sends the amount and gets back approved/declined). The US is really one of the only places to have the POS handle a large part of the transaction.
In any event, if people were less resistant to the idea of mobile wallets, you'd see Samsung Pay (which works with almost all terminals, not just the NFC enabled ones) get a lot more use than the others. Unfortunately it doesn't seem to be getting used much more than the others from what I can tell.
Originally Posted by
Palal
What? And give up on the possibility of constantly living in debt?
That would probably be a good thing society-wise, but that's a different topic for a different thread.