Open Banking adoption to hit 67% — Will your business need it?

Open Banking or Pay by Bank is rapidly gaining ground in both Europe and the UK, with 67% of companies having adopted, or planning to adopt the technology in the near future.

Open Banking enables secure, real-time payments and payouts directly between bank accounts — without relying on cards or data entry.

Plus:

  • Minimisation of bank charges, whilst maximising profits.
  • Better control of your funds with instant, automatic deposits.
  • A new technology, uniting banks in 15 EU countries and the UK.
  • Higher levels of trust from your customers.
  • Zero chargebacks.
  • Same currency payouts available.

Check out our latest whitepaper, based on a collaboration with Censuswide, detailing changing consumer behaviour and how Open Banking fits into the new payment landscape.

Download the Report

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