Comment by jaza

We're pretty lucky here in Australia. Over the past decade or so, PayID has been successfully rolled out to virtually all banks, giving us free and (usually) instant money transfers - I'd say more than half of all personal payments are now done with PayID. Old-skool bank transfers are still the norm for business and administrative payments, but that's changing too, and in any case, those transfers are increasingly being executed behind the scenes over Osko (aka PayID), so they end up settling in seconds (or at least hours) instead of days.