What is Open Banking?

Open Banking is a secure method of payment that allows third-party providers to access bank account data and initiate payments on behalf of customers. This has numerous benefits, including:

For merchants:

• Faster and more efficient payments
• Lower transaction costs
• Enhanced security and fraud prevention
• Greater access to customer data
• Increased competition and innovation in the payments industry.

For customers:

• Greater control over their banking data
• Increased convenience and flexibility in making payments
• Improved security and fraud prevention measures
• Access to more personalised and tailored payment solutions
• Greater competition and innovation in the payments industry.

Take advantage of Open Banking to enhance your business!
Drive faster, more cost-effective payments, improve fraud detection, increase the customer experience and streamline payment processes.