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.
- 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.