Three years after the launch of PayShap, South Africa’s real-time payment system, the technology behind instant bank transfers is no longer the issue. The question is why consumers are still paying to move their own money. Brazil’s Pix, launched in 2020, became the country’s dominant payment method by allowing consumers to send money instantly at little or no cost. India’s Unified Payments Interface (UPI), processing billions of transactions every month while making free instant payments the norm.