I'm impressed how Brazil Pix solved much of those problems. IMO is currently the best payment method in the World. Mainly because it broke apart from Visa/Mastercard rules and implemented a new protocol from scratch. http://openpix.com.br/
Their specs are published here: https://openbankingbrasil.atlassian.net/wiki/spaces/OB/overv..., with the main landing page for the program is here: https://www.bcb.gov.br/en/financialstability/pix_en