We've had a standard for this since 2013. Scan code, your bank app opens with the transfer as a template, you authorise it. Now, with SEPA instant transfers, it's guaranteed to arrive within ten seconds. No pointless third parties involved.

I see this being useful for non-permanent shops, like a strawberry farmer with their seasonal stand, flea markets, etc, but for permanent shops POS systems are superior, whether chip+pin, rfid with card, or rfid with phone. It's also useful for private-to-private transfers, my bank app can display the code, someone else can scan it, choose an amount, done. In the wild I've only seen them on paper invoices, just another (additional) way to write "please send the due funds to ".

Being Austrian, and especially interested in shopping national or even regional, not just European, I'm interested. But the website says the company is situated in Switzerland? Where did you get that it's an Austrian company?

The problem in Europe is exactly the fragmentation of payment systems. For most you can only use them if you are a resident and have a bank account on that country.

•	Wero: Germany, France, Belgium, Luxembourg, Netherlands
•	MB WAY: Portugal
•	Twint: Switzerland
•	Swish: Sweden
•	MobilePay: Denmark, Finland
•	iDEAL: Netherlands
•	Bancontact: Belgium
•	BLIK: Poland
•	Satispay: Italy
•	Vipps: Norway
•	Giropay: Germany
•	Sofort: Germany
•	Cartes Bancaires: France
   -     Etc....

We need a European alternative to MasterCard and Visa. Two American companies own basically the non-cash market. The digital euro can't come soon enough

In belgium Klarna is an option that is growing more and more custom with online-payments

Switzerland already has twint and I don't see them switching to a new system. Maybe that's where it will lead to: multiple regional services. Not great, but also not a giant corporation.

What we really need are alternatives to US credit card systems.

It's shit, I've lived in Austria for a few months last year and the only German Bank they've supported was N26

I hold my card in front of the scanner.

This sounds interesting, thanks for sharing. Have now read through the page and FAQ. Is my understand correctly, that this app is only for paying in offline world, not for online purchases like e.g. PayPal?