India has UPI. The RBI spun it up in what, a couple years?
The issue isn't technological, it's this notion in the US that rent-seekers ought to exist and be enabled. Your Paypal/Venmo, CashApp, etc. enable things, for a cut of the transaction, that you can do for exactly zero dollars in India.
The issue isn't technological, it's this notion in the US that rent-seekers ought to exist and be enabled. Your Paypal/Venmo, CashApp, etc. enable things, for a cut of the transaction, that you can do for exactly zero dollars in India.