Huawei OceanStor Dorado all-flash storage speeds transactions in the era of Bank 4.0 Australia’s top four banks have removed 2,150 ATM terminals and closed 175 bank branches since June 2020. In India, the local real-time payment system, United Payments Interface (UPI), saw an increase in spending by roughly 70 percent over the first seven months of 2020, while in the UK, the average daily transaction value processed by the Faster Payments service rose by more than 10 percent from the fourth quarter of 2019 to the end of March 2020. According to the 2020 McKinsey Global Payments Report, the COVID-19 pandemic accelerated a series of existing trends in consumer and business behaviors, significantly boosting the ongoing shift towards e-banking, digital and instant payments and bringing about half a decade’s worth of changes in just a few months.