not everything has to be optimised for practicality

Two Kindle, one duct tape

Considering that it only works with their customers plus a few other selected ones, I would presume they reinvented the wheel for the sake of wall-gardening.

How is this an alternative to Mastercard and Visa? This is just a payment app.

Also, this works only for the clients of the bank that operates the app…

This smells like advertisement. Bad one at that…

Like the rest of the system is in any kind of food shape…

You bought a lifetime subscription. Are you dead?

Never EVER pay for lifetime subscriptions , unless you have lawyers on retainer.