Walmart launches money transfer, at type of ACH

http://www.reuters.com/article/2014/04/17/us-walmart-euronet-idUSBREA3F1ZM20140417

A type of ACH (Automated Clearing House.
https://www.walmartmoneycard.com/walmart/account/ach-bank-account

That's the N.American formal terminology, but is known colloquially in
the rest of the world as "Giro Accounts".)  See the current plans for
a national Giro in India:
http://www.rbi.org.in/Scripts/PublicationReportDetails.aspx?UrlPage=&ID=701

The ACH Industry Standards are maintained via:
North America: https://www.nacha.org/
EU: http://www.eacha.org/
However, "Beyond Europe and the US, the international ACH payments
market is highly
fragmented." Source: www.fpsc.com/DB/TreasuryPulse/PDF/Q310_article3.pdf

Joseph Potvin