In this episode of the Payments Professor Payments Podium Podcast, we welcome guest Paul Thomoalla, discussing the contrasting regulatory landscapes of the U.S. and Europe/UK in the payments sector. We delve into how interventionist regulators in Europe and the UK actively shape the payments ecosystem, focusing on societal benefits and often fast-tracking advancements like faster payments, initiated back in 2006. Paul highlights the evolution and impact of immediate payment plans, which are gaining traction globally, emphasizing their convenience, efficiency, and growth. We also touch upon the significance of confirmation of pay in boosting user confidence and mitigating fraud, leading to widespread adoption, growing at 20% compound annually in the UK. Paul reflects on the challenges and learnings, including addressing fraud issues and ensuring customer reimbursement, offering insights on fostering a conducive environment for the implementation of advanced payment systems to thrive in various regulatory frameworks. Don't miss out on this enlightening conversation filled with experiences, learnings, and the future of immediate payment plans in the global context!