SEPA is not crap. It's actually pretty awesome, considering that you can instantly transfer money between 5000+ banks in 30+ countries, with practically zero fees.

The UX of SEPA is lacking in comparison to other modern payment systems for sure. I'm confident though, that it will improve soon. Wero [1] seems like a decent start and appears to be gaining traction lately. It's basically a layer on top of SEPA Instant payment with extra features and a decent app based UI/UX.

[1] https://en.wikipedia.org/wiki/Wero_(payment)

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SomeUserName432 a day ago | parent | next [-]

> with practically zero fees

We pay 2.50 EUR for a SEPA transfer, it's ridiculously expensive.

We need local integrations for every market to cut costs.

	▲	pavlov a day ago \| parent \| next [-]
		Where in Europe are you getting charged that much? Usually SEPA payments are completely free for consumers. And I believe there’s a EU-mandated fee cap which is much less than 2.50 €. But if you have a business account, things are different.
	▲	MilaM a day ago \| parent \| prev [-]
		That is pretty expensive, I agree. I pay zero additional fees when using my private account. For my business account I'm charged ~30 Cents flat per transaction. I know that there are banks offering better terms, but I'm too lazy to switch for just a couple of Euros in savings.

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jjcob a day ago | parent | prev [-]

In austria QR codes for sharing payment info are getting popular. Many invoices have a QR code on them. You can then use your banking app to pay the invoice.

Banking apps can also generate a QR code for receiving payments.

They are not quite as seamless as tap-to-pay, but they work with pretty much every bank in the Austria, which is neat.