Most Czech banks offer free domestic instant payments, and many small businesses who were previously cash-only now take them as an option. I heard there's also a SEPA equivalent.
If the electronic retail payment industry hadn't already been captured by VISA and MasterCard, I could very well see something like this, a much cheaper and simpler system, being what everybody uses. There's countries (India?) where debit/credit card adoption was slow and now these simpler solutions have significant market share.
It takes (at least) two people to want to adopt a payment system. The reason American customers use credit cards is that they like them; they're very safe for customers and they have reward points.
You could pay with cash or debit if you wanted to, but then you can't chargeback the business.
If the electronic retail payment industry hadn't already been captured by VISA and MasterCard, I could very well see something like this, a much cheaper and simpler system, being what everybody uses. There's countries (India?) where debit/credit card adoption was slow and now these simpler solutions have significant market share.