They are struggling for relevance now that FedNow has gone live, enabling value transfer up to $1M with a 20 second SLA for a few cents per transaction between connected financial institutions.

Look at payment volume of credit cards in India and Brazil considering their instant payment systems (UPI and Pix, respectively). Walmart is preparing to roll out pay by bank in their app, to sidestep credit card rails fees, which cost them >$1B/year.