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Banking With Interest

Sep 22, 2020

Aaron Klein, the policy director at the Center on Regulation and Markets at the Brookings Institute, talks about why the U.S. has lagged behind other countries when it comes to real-time payments. He discusses how banks can speed up the adoption of real-time payments and why it would be helpful during the COVID crisis. He argues real-time payment adoption might mean more for unbanked consumers than postal banking, of which he remains skeptical.