Open Banking payments RSS

Open Banking has reached a significant milestone, surpassing 11.4 million payments in the UK in July 2023. This achievement reflects a 9.3% increase in total payments compared with the previous... read more

The post Open Banking payments hits new record milestone appeared first on Payments Cards & Mobile.

A new study has found that global Open Banking payments transaction values will exceed $330 billion globally by 2027; up from $57 billion in 2023. The report predicts that the... read more

The post Open Banking payments transactions to surpass $330 billion by 2027 appeared first on Payments Cards & Mobile.

Nuapay has released new data revealing that 1 in 4 (25%) merchants predict Open Banking payments will become the most popular payment method amongst customers in the next 5 years.... read more

The post M2020 Live: Open Banking payments will become most popular payment method appeared first on Payments Cards & Mobile.

January 13th marks the fourth anniversary of the Payments Services Directive 2 (PSD2) * making Open Banking a regulatory requirement in the UK. Open Banking (OB) was mandated by the... read more

The post UK Open Banking marks fourth year milestone with over 4 million users appeared first on Payments Cards & Mobile.

As reported in Payments Cards & Mobile, Amazon announced in November that it would stop taking payments from Visa credit cards issued in the UK, because of sky-high fees. Interchange... read more

The post Is 2022 the year that payment cards pass their expiry date? appeared first on Payments Cards & Mobile.