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Comment by efnx

3 years ago

Here in NZ you can do this with your bank. Just enter the person’s acct number and the amount to send in online banking.

The working assumption (on the part of the US Federal Reserve) is that eventually all/most US banks will use FedNow and offer it to their customers (probably via mobile/online front-ends developed and sold by B2B third parties).

We'll see if that actually happens.