Australian banks are now rolling out PayTo (www.payto.com.au), which is the consumer to business instant payment platform. It will eliminate the need for debit debits and return control back to individuals with respect to recurring payments (e.g. gym memberships, subscriptions, utility bills, etc).
Importantly it will provide a instant payment system for businesses that can bypass credit card fees (perfect for flight bookings, etc).
CMA have just agreed to negotiate with Microsoft. It sounds like the UK approval is forthcoming too.
https://www.theverge.com/2023/7/11/23791149/microsoft-activision-blizzard-uk-regulators-cma-appeal