QUOTE(r3d2 @ Nov 30 2017, 11:44 PM)
WeChat and Alipay in China does not command any transaction fees unless you are moving the cash into your bank account or withdrawing it. Basically most day to day transaction for customers and sellers are FOC.
If they banks here requires a transaction fee, It will die a natural death as many sellers will not be bearing the transaction fee and refusing to accept it. This makes the payment not popular to entice more people to opt for cashless payment.
thats is what really can make this method booming. If they banks here requires a transaction fee, It will die a natural death as many sellers will not be bearing the transaction fee and refusing to accept it. This makes the payment not popular to entice more people to opt for cashless payment.
its kinda like GST, its good but if the execution is bad then wheww...
im really looking forward to both.
Nov 30 2017, 11:55 PM

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