When India's UPI launched, "adoption was rapid, growing from 100,000 monthly transactions, to 77 million, to 480 million, to 1.15 billion in the first four years." Imagine what happens when instant payments start replacing ACH in the US. https://www.federalreserve.gov/SECRS/2019/November/20191113/OP-1670/OP-1670_110719_136981_396266957468_1.pdf …
Replying to @dadiomov
It unfortunately won’t be that fast in the US, unless (1) ABA push/pull identifiers are replaced by push only like IBAN and (2) banks build decent mobile experiences. Preferably it comes with a url scheme too
12:03 AM - 15 Dec 2019
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