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 ...

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 ...

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.

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

Through a partnership with Adyen, Dutch airline KLM is one of the first large merchants to adopt an online payments approach that bypasses payment cards, powered by PSD2's open banking framework.

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 ...

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

“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 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 ...

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 ...

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.