Sweden has adapted something similar, Swish[1]. Co-owned by banks and so far without any fees for private entities. The adaption rate has been really incredible

Sweden has adapted something similar, Swish[1]. Co-owned by banks and so far without any fees for private entities. The adaption rate has been really incredible. Already 75% of the population has signed up for it and, in 2020, made over 600 million transactions.