Banks serving as guinea pigs for Federal Reserve’s instant payments system
arstechnica.com
The Fed's goal is to connect 9,000 financial institutions nationwide.

Fed’s new instant payment system could be trouble for PayPal, Venmo::The Fed’s goal is to connect 9,000 financial institutions nationwide.

  • @spiderman@ani.socialEnglish
    3•2 years ago

    UPI and ONDC are two great things that India has. The latter still needs lot’s of development and attention though.

    • iamakEnglish
      4•2 years ago

      I would add Digilocker as well. Completed removed my need for a wallet. But it’s not as great as these 2

      • @spiderman@ani.socialEnglish
        2•2 years ago

        yeah they are great but i always tend to carry a government id in the wallet since i kinda don’t trust my smartphone’s battery life. that goes same for a upi, i use it everyday but i always have a debit card incase if the bank server doesn’t work or battery dies out