In the digital payments landscape, open banking and card payments often get compared. While open banking won’t replace everything about card payments, it can certainly improve its inefficiencies. We explore how in this article.

Open banking is transforming the payment landscape for consumers and businesses. But how do Payment Service Providers, the key players in payment processing, benefit?

There are many different types of open banking payments. Each serves a different purpose.

Diese Woche bestätigte Pay.UK, dass das Transaktionslimit von Faster Payments von 250.000 £ auf 1 Million £ gestiegen ist – eine wichtige Entwicklung für die Open-Banking-Branche und wohl die bisher leiseste Einführung der größten Zahlungsnachrichten des Jahres 2022.

Depending on the payment method, merchants have to pay between 2% and 8% of every sale to card, e-wallet and BNPL facilitators — costs that are ultimately paid by consumers in higher prices. Volume is on a mission to change that…through the power of open banking.

In a world where demand regularly outweighs supply, business owners are under ever-increasing pressure to make sure they can own their zone in the supply chain, and weather the current financial storms. Ordo’s on a mission to change this.

A new EU proposal will make it mandatory for banks across the continent to offer instant payments. Learn more about this alternative payment method and what it means for both businesses and consumers.

Across Europe, SMEs represent around 99.9% of the 5.6million businesses, three-fifths of private-sector employment, and around half of the turnover in the industry, yet they are still underserved when it comes to a convenient and cost-effective payment system.