This will never happen in North America because the existing payments establishment is collectively worth trillions of dollars (think Visa, Mastercard, Paypal, Square, Stripe, all credit card issuing banks, all smaller second and third degree players) and will be ready to spend a big chunk of it to lobby and keep themselves relevant. Look at the case with tax filings, for example.
The US government will never be permitted to enter a business area and displace existing corporations regardless of whether it makes life easier for citizens or not.
The US government will never be permitted to enter a business area and displace existing corporations regardless of whether it makes life easier for citizens or not.