You know many countires have implemented something as simple as that. Singapore has PayNow, India has UPI, Thailand has prompt pay. And they’ve had it for about half a decade or more. West (EU, US, UK are catching up). Commercial banking is still alive in these Asian countires. And it’s not so hard for banks to adapt.
You know many countires have implemented something as simple as that. Singapore has PayNow, India has UPI, Thailand has prompt pay. And they’ve had it for about half a decade or more. West (EU, US, UK are catching up). Commercial banking is still alive in these Asian countires. And it’s not so hard for banks to adapt.