In the UK, we have an industry-wide &quot;Faster Payments&quot;[1] system that allows for inter-bank transfers in less than an hour. The majority of banks also support Paym[2], which links a bank account to your mobile phone number, so people can send money to your mobile and it lands in your bank account.<p>Recently, the government decided that an Open Banking API Standard would be a good idea, so work has begun on figuring out how to deliver that.[3]<p>1: <a href="http:&#x2F;&#x2F;www.fasterpayments.org.uk" rel="nofollow">http:&#x2F;&#x2F;www.fasterpayments.org.uk</a><p>2: <a href="http:&#x2F;&#x2F;www.paym.co.uk" rel="nofollow">http:&#x2F;&#x2F;www.paym.co.uk</a><p>3: <a href="http:&#x2F;&#x2F;theodi.org&#x2F;news&#x2F;open-banking-working-group-uk-experts-impact-consumers-regulators-industry" rel="nofollow">http:&#x2F;&#x2F;theodi.org&#x2F;news&#x2F;open-banking-working-group-uk-experts...</a>