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Comment by tluyben2 | Hacker News Reader

Practically this is already the case in many countries; NL to my Revolut or PT accounts is seconds, vice versa too. It works well. But it is not guaranteed. Api would be good; I can imagine visa and mastercard are getting a little bit panicked as this is already trivial and I am using my phone for payments anyway (no idea where my card is) (but still use them of course via NFC).

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Sure, there are countless of apps that can do instant transfers. The issue here is that sepa instant rollout has been taking way too long and this would force it to actually be required. It's a breeze having able to transfer money between banks any time of day in a few seconds.

It’ll be trivial if Apple implements it.

Europeans? They’ll figure out a way to require chipTAN and SMS confirmation for POS transactions.

Europeans are so far ahead the US in mobile payments its not even funny.

As a European living in the US I don't get that. Seems very similar to me.

SEPA Instant (UK Faster payments) has been in market for a few years now. While the Federal Reserve is still working on rollout plans for FedNow.

The US "instant payments" is Venmo/PayPal which are secondary to the banks not primary.

Although not in euro, but Denmark has MobilePay that’s instant.

NL here. We use Tikkie for similar needs as MobilePay. Although the ability of merchants to simply display a QR code for their customers to complete the transaction is a convenience I miss here.

Fellow Deutsche Bank customer??

don't forget the QR code

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