The scheme is based on four elements: payment innovation; information from Visa's global VisaNet network; partnerships across the tourism sector; and increasing the number of merchants able to accept digital payments. For expats and retirees, it's probably cheaper and easier to use PromptPay. Pretty much everywhere here. Just scan and go. I send my monthly pension via Transferwise, then use my phone to pay. I often see signs in shops and restaurants saying htere will be a 3% surcharge for credit cards. These US card companies will likely all be taking a cut for these new schemes, and collecting, collating, and exchanging even more personal information. Also trying to get in before China's payment systems take over Asia.
Create an account or sign in to comment