I guess you assumed I'm from India, so I have no idea about US but, I'm living in the US for the past 2 years.
And having lived in both places US payment systems are really backward.
Zelle is trying to solve it, but not widely accepted and is not even at scale what India has done with UPI.
Direct Bank transfers take seconds not days.
Also we get OTP verification for every transaction, it's mandatory. People can't just randomly charge someone just because they know their A/C and routing.
We do have credit cards too, but for it, one needs a good standing too, it's a privilege not a feature.
And Debt is bad for many people, who can't manage it.
And finally we don't have to depend on some 3rd party company(I've read enough PayPal, cash app horror stories). We have a default system between banks that just works, to make transactions instantly,secured and authorized.
Zelle is trying to solve it, but not widely accepted and is not even at scale what India has done with UPI. Direct Bank transfers take seconds not days.
Also we get OTP verification for every transaction, it's mandatory. People can't just randomly charge someone just because they know their A/C and routing. We do have credit cards too, but for it, one needs a good standing too, it's a privilege not a feature.
And Debt is bad for many people, who can't manage it.
And finally we don't have to depend on some 3rd party company(I've read enough PayPal, cash app horror stories). We have a default system between banks that just works, to make transactions instantly,secured and authorized.