Here in Australia we have very old banking systems. However there have been newer payment platforms put over the top of existing systems to facilitate near inst

Here in Australia we have very old banking systems. However there have been newer payment platforms put over the top of existing systems to facilitate near instant payments. All of our major banks have PayID, which means you send money to a mobile number and the transaction is instant. I agree 100% what you have said. Just showing that there is improvement in this space. Having said that, Australia had Visa Paywave completely rolled out and ubiquitous before the US did... believe it or not