The shifting EWA regulatory framework and its impact on bank partnerships and instant payment adoption
Tearsheet
MARCH 27, 2024
According to data from The Clearing House [TCH] for the third and fourth quarters of 2022, DailyPay’s transactions make up one-tenth of all RTP payments. Regulators grapple with the realization that this product surpasses existing regulatory boundaries and falls into a legal gray zone, therefore, causing setbacks in its expansion plans.
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