Aeropay’s Post

I had the pleasure of sitting down with 11:FS to talk about all things Open Banking but more importantly the path to taking Open Banking Payments Mainstream. If you're interested in hearing my thoughts, check out the report 11:FS teamed up with GoCardless on to deep dive on the very topic on! #openbanking #payments #futureofopenbanking Head to 11fs.com/openbankingreport to download the report.

Thanks to Open Banking, millions of consumers and businesses around the world are discovering innovative and secure ways to manage their money. This has created a whole new world of apps and services. For example, consumers and businesses can make and receive account-to-account payments without using debit or credit cards. Open Banking is changing the face of finance, read more here: https://lnkd.in/ek5RKHhh #OpenBanking #Payments #Insight

#openbanking helps convert up to 40% better than cards because this phenomenon was designed specifically with the digital age in mind. Find out why it means faster payments: https://loom.ly/HoyBL6I

Discover the competitive edge of open banking! 🤗 📈Reports reveal that 79% of businesses attribute their improved decision-making to the advanced accounting features it offers. In an era where data reigns supreme, integrating open banking is more than just a strategy—it's a necessity for driving growth and staying ahead of the curve. >> www.key2pay.online . . #openbanking #BusinessGrowth #payments #DigitalTransactions #bankingtransaction #businesstransformation #facts #factsdaily #DidYouKnow #Key2Pay

If you think using open banking payments online or instore is an interesting topic have a read of this short article: https://lnkd.in/e9cq3YHT Douglas King Sam Halliday Peter Ward Ashish Khanna Gigi Wong Aaron Byrne Mohammed Akuma, CFA L.E.K. Consulting #payments #openbanking #A2ART

Open Banking - Future of Finance? 🌐 Discover the compelling advantages of transforming online purchases from instant #payments to seamless integration. But that's not all – we're also shedding light on the flaws. What's Inside: 🌐 Advantages of Open Banking: Dive into how it boosts speed and efficiency in online transactions. 💡 Flaws Unveiled: Learn about the complexities and challenges. Ready to know more? Click the link https://lnkd.in/dVKt6Nai to expand your knowledge in the newest blog post. Any questions? Contact our team at [email protected] #trustpay #openbanking #futureoffinance

Found a compelling video shedding light on the growing trend of open-banking payments in the UK! Currently, over 20 million transactions a month are made through open-banking. It's crucial to educate consumers and businesses now, as this method is on its way to becoming the new norm, akin to contactless payments! #openbanking #openeconomy #payments #ordo Watch the video here:

💡emerchantpay's latest Open Banking report is out now! To help businesses navigate Open Banking, emerchantpay conducted research with over 2,000 UK consumers, delving into their attitudes and preferences towards Open Banking in the UK market. Download the first chapter of our new report to explore the Open Banking landscape in the UK and discover the opportunities it can provide for early-adopting businesses: https://bit.ly/4eFYcXJ #eCommerce #onlinepayments #openbanking #fintech

Is open banking (finally) becoming mainstream? 🌍 Todd Clyde, CEO of our portfolio company Token.io, joined a lively chat with Finextra to dive into the core of it all. As he points out, 84 countries are adopting instant payments and taking initiatives to make access to these systems easier. 💡 “The first generation of account-to-account payments often required screen scraping, direct debit, or single-country solutions. Now, we’re seeing solutions like UPI in India, PIX in Brazil, and #openbanking in the UK and the EU.” Todd sees open banking as a true payment method—“pay by bank” taking over cards for faster, cheaper transfers. It’s a game-changer, with Token.io providing the infrastructure to PSP companies like Ecommpay to make it a reality, powered to move money instantly and at lower costs. Catch more insights below!

Banking as a Service (BaaS) and Open Banking both leverage APIs to offer financial services but they serve different purposes. BaaS enables banks or financial institutions to provide their infrastructure and services to non-bank businesses. This allows these businesses to build and offer their own financial products and services, by leveraging the bank’s regulatory and operational framework. For example, a department store could leverage BaaS to launch its own credit card. Open Banking enables banks to open up their data and services to non-bank businesses, with the customer's consent. For example, a budgeting app that aggregates data from multiple bank accounts to provide spending insights and financial advice would use Open Banking. #FOO #BaaS #OpenBanking