It amazes me how seemingly behind US banking is tech-wise. My home country for instance has the Nigerian Inter-Bank Settlement System for decades; it's quite similar to the UPI but primarily led by the central bank (plus participation is mandatory for all banks/bank-like institutions).
For anyone that's curious, the platform's home page at https://nibss-plc.com.ng/ has a nice little statistics summary of both POS and account-to-account transactions (you might have to scroll past the fold). There's five-minute and whole day numbers for total transactions and error rate broken down into types of errors - it's a nice bit of transparency.
For anyone that's curious, the platform's home page at https://nibss-plc.com.ng/ has a nice little statistics summary of both POS and account-to-account transactions (you might have to scroll past the fold). There's five-minute and whole day numbers for total transactions and error rate broken down into types of errors - it's a nice bit of transparency.