Cards have had their time. 2021 will be the year that open payments, powered by open banking, come into their own – particularly in financial services, e-commerce and marketplaces, and in ...

Cash was king—until it wasn't. Then, cards took over. On The Precipice Of Change. We're seeing a similar scenario today with open banking payments/pay by bank.

Figures from the UK’s Open Banking Implementation Entity (OBIE) said that more than four million open banking payments were made in the UK in 2020, compared with 320,000 in 2018, and nearly six ...

For Open Banking to replace card payments, it must support the full range of use cases that consumers and businesses rely on.

And given some of the deals we’ve seen among open banking startups already — Sweden’s Tink was acquired by Visa for $2 billion in 2021; TrueLayer was last valued at over $1 billion; and just ...

“Open banking continues to make waves in financial services, driven by a growing variety of use cases for instant payments and payouts. As we head into 2025, fraud prevention and data security remain ...

More than just a technological advance, open banking is a catalyst for systemic change in the financial sector. Niv Liran ...

Monday, 13 January, marked seven years since the EU’s Second Payment Services Directive (PSD2) came into force, mandating the sharing of bank account data between banks and financial ...

More than 600,000 British businesses now use open banking (OBIE) in either a data or payments capacity. From streamlined collections in sectors such as lending and retail to increased financial ...

The report, Open Banking: Opportunities, Competitor Leaderboard & Market Forecasts 2023-2027, predicts that the development of new use cases, such as bill payments via Open Banking, will drive ...

Open Banking has been growing steadily, with payments made reaching over 200 million transactions in 2024. However, this figure remains a fraction of the UK’s total card transactions.