Deputy Head of Digital Architect |Deputy Director of security center | Deputy Director of Research and Innovation Center |Manager of Integration Team |QC Team Lead| GenAI |ML |DevSecOps | Cloud enthusiast| Microservices
Open Banking-Based A2A Payments & Technology Providers 👇
Open Banking-Based A2A Payments & Technology Providers 👇 Which provider is missing from the overview below? With Open Banking becoming a more conventional, fast, secure, and accessible standard of financial transactions, its live and practical application is expected to revolutionize how companies conduct their business and how end-users choose to pay. For businesses, Open Banking payments mean no card processing costs, while payments settle more quickly than the ones made via cards, with payment conversion success rates exceeding 95%. Open Banking allows payment system users to share their data with third-party providers (TTPs), which offer the infrastructure to enable the payment. At the same time, Open Banking payment providers retain most of the core benefits of A2A players but, through the help of APIs, they bring some key benefits, allowing them to expand beyond the borders of one country. Simply put, Open Banking is taking A2A payments to the masses. Thus, some companies have managed to expand their network and reach a global audience, including GoCardless and Worldline, while others are testing the waters regionally, with most of the developments in the field taking place in Europe. I highly recommend downloading and reading the complete #fintechreport by The Paypers for more interesting info on this topic: https://lnkd.in/e5mD7UXY Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ]
