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UPI[1] exists in India. FedNow[2] recently went live in the United States. As for why it doesn't exist in every country: it takes a bit of technical work to ge
by dbmikus 3y ago
UPI[1] exists in India. FedNow[2] recently went live in the United States.
As for why it doesn't exist in every country: it takes a bit of technical work to get the system working and governments move slowly, for better or for worse.
[1]: https://en.wikipedia.org/wiki/Unified_Payments_Interface https://en.wikipedia.org/wiki/Unified_Payments_Interface
[2]: https://en.wikipedia.org/wiki/FedNow https://en.wikipedia.org/wiki/FedNow