[jslampe]

This article woefully undersells this development. As of today, Australia is the proud new owner of the world's most advanced payment system. This thing has it all, central directories, fraud sharing services, and an infrastructure BUILT for access by the private sector. There's some governance items and constraints here and there, but otherwise this is insanely advanced.

[DJN]

Real-time payment platforms that interconnect all the banks in the country are not new.

Heck, Nigeria rolled out a very advanced one about 7 years ago

https://news.ycombinator.com/item?id=16374597