The Paypers: Open Banking report 2021

The new PSD2 banking APIs enable payment service providers to offer, to all types of beneficiaries, account-to-account payments based on SEPA credit transfers. This new way of paying for goods or services is just starting to take off and is finding its way into online and physical stores. In physical stores in particular, it improves the user experience and reduces the risk and costs for merchants. There are, nonetheless, challenges to be addressed.

Download the open banking report to learn about the benefits and challenges of account-based payments for consumers and merchants compared to traditional payment methods.