India did this with the United Payments Interface, and is it a thing of beauty. You can use any bank account, any payments app and pay to any other bank and any

India did this with the United Payments Interface, and is it a thing of beauty. You can use any bank account, any payments app and pay to any other bank and any merchant. Ridiculously low interchange fee too since the backbone is managed by the central bank. I thought most of Europe was on the path to adopting open banking APIs? How is this coming along?