[rswail]

The NPP is about removing the Visa/MC networks from the equation. It would also remove the EMV requirements, if I'm identified by my mobile phone number + biometrics linked to a bank account, which can have it's own credit line associated with it, why does the bank need to support Visa/MC?

The new payment platforms with instant settlement effectively remove the branding and merchant agreements that Visa/MC offer.

Person A can transfer money to Merchant M immediately, no intermediaries except the two banks/account provider and the payment platform usually run by the central bank.