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Most transfers of money in the economy are made via bank-to-bank transactions. Most payments are currently not. There is substantial innovation happening in bank transfers, especially outside the U.S., and they will be a larger portion of the payment mix in a few years. It’s worth understanding why, and why it hasn’t already happened.
Bank transfers have exploded as a payment method in India and may become more common in much of the world.
We are not affiliated with Patrick McKenzie. This unofficial audio edition is available to listen to and share for free. Read the original on Bits about Money.
Duration
~24 minutes (23K characters)
Release date
Nov 26, 2021