Open Banking

Open Banking

Merchants And PSPs Supercharge A2A Payments With Open Banking

Open banking-powered payment offerings have been available in some markets since 2018, but the pandemic drove many consumers to try these solutions for the first time — and there’s no going back. In the Open Banking Report, PYMNTS examines open banking’s rise as merchants and payment services providers worldwide tap into such options to offer secure, seamless account-to-account payments.

Inside The March Report

  • $114 billion: Estimated value of the European mobile wallet market by 2023
  • 4 billion: Number of U.K. consumer transactions powered by open banking in 2020
  • 50 percent: Portion of U.K. SMBs that are using some kind of open banking solution

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    Open Banking Playbook