Aren't the phone payments backed by credit cards or do they by preloaded voucher... | Hacker News

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		ajmurmann on Feb 3, 2024 \| parent \| context \| favorite \| on: Physical cash is dying–and you don't need to be a ... Aren't the phone payments backed by credit cards or do they by preloaded vouchers?

baq on Feb 3, 2024 [–]

Bank accounts directly I’d assume. Why add another layer of indirection?

xadhominemx on Feb 3, 2024 | [–]

It varies by country but a lot of them are just virtual debit and credit cards because the payments run over the card network rails.

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