FedNow FAQ
This is one of the best things about living in Southeast Asia.Instant bank transfers.Because of this you csn just scan the QR code of your taxi, the fruit seller on the street, transfer to your friends.Everyone gets it instantly.Now this is not third party services. It’s bank account to bank account. As a result things like PayPal or Cash app make no sense in this part of the world and have no uptake here.In fact it’s a downgrade to use those kinds of services.Remembering the bank issues in North America is quite painful. Hope it really happens next year.