Digital age, technology super advancements, rocket ships, artificial intelligence, self driving electric cars. Automated everything but local bank transfers can only be processed on bank working days, why?
I understand if it’s a big amount or overseas transfer remittance etc. Why even small amounts local bank transfers take the weekends off. Shouldn’t it be automated by now.
In: Technology
Real time payments is only implemented in a handful of countries. US is in the next wave and working on it now. It’s slow to catch up but there’s a lot of processes in making a bank transfer instantly go through. Fraud protection, govt checks, etc.
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