Open eCommerce: Open Banking As The New eCommerce Accelerator In The U.K. And Europe

Open eCommerce: Open Banking As The New eCommerce Accelerator In The U.K. And Europe

NEW REPORT: Open Banking Accelerates EU Merchants’ New eCommerce Plans

With more open banking payments processed in the U.K. in February than in all of 2019, account-to-account payments between consumers and merchants are beginning to get real. In the Open eCommerce: Open Banking As The New eCommerce Accelerator In The U.K. And Europe, PYMNTS examines open banking’s potential for payments, customer engagement and verification in the eCommerce space across the Eurozone.

Inside the June Report

  • 56 percent: Share of consumers who are interested in less friction during checkout
  • 95 percent: Portion of bank-to-bank transactions that succeed on average
  • 79 percent: Share of card fraud that occurs online

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