Hacker News
new
|
past
|
comments
|
ask
|
show
|
jobs
|
submit
login
hlieberman
on July 14, 2023
|
parent
|
context
|
favorite
| on:
Bank transfers as a payment method (2021)
Notably, Canada has a system that works like UPI from India and is very widely used:
https://en.wikipedia.org/wiki/Interac_e-Transfer
anothermoron
on July 14, 2023
[–]
Wow, as a Canadian I always thought that Interact was international.
biscuitech
on July 15, 2023
|
parent
[–]
Same, until I went to the US where nothing is standardized and somehow there's private companies worth billions that cover this precise use case. It's actually mind blowing.
The single banking system of Canada is a massive win in this regards
tdhoot
on July 15, 2023
|
root
|
parent
[–]
Interac is also a for-profit corporation. It's just owned by an association of banks. Zelle would be the equivalent in the US.
Guidelines
|
FAQ
|
Lists
|
API
|
Security
|
Legal
|
Apply to YC
|
Contact
Search: