Launched by the Central Bank of Brazil, this system is now used more than credit cards and cash. Its popularity is so great that WhatsApp had to abandon a payment system it wanted to launch locally.
Swish in Sweden is exactly like this too - instant payments linked to your phone number, run by the central bank, and literally everyone uses it from street vendors to major retailers (I cant even remember the last time I used cash).
Swish in Sweden is exactly like this too - instant payments linked to your phone number, run by the central bank, and literally everyone uses it from street vendors to major retailers (I cant even remember the last time I used cash).