Tag: open banking
Global Open Banking payments to exceed $330 billion by 2027
A new study from Juniper Research has found that global Open Banking payments transaction values will exceed $330 billion globally by 2027, up from $57 billion in 2023. The report, Open Banking: Opportunities, Competitor Leaderboard & Market Forecasts 2023-2027, predicts that the development of new use cases, such as bill payments via Open Banking, will drive adoption,…
Open banking – what will it mean for me?
Open banking will inevitably mean greater competition and new types of aggregation services where you can manage your money more effectively in one place. But it also signals the end of high street banking as we know it, predicts Chris Price Just as telecommunications were opened up when third parties were allowed access to BT’s…
