I don't understand this. You can't transfer money to another person from your bank account? In India we have IMPS (sort of an instant transfer) which takes les

I don't understand this. You can't transfer money to another person from your bank account? In India we have IMPS (sort of an instant transfer) which takes less than a second and costs Rs. 5 at a private bank (free at a public sector one). I've been to Australia and transferring money to another account with the same bank requires just a mobile number.