Our client, one of Europe’s leading online travel retailers
In last month’s newsletter, we took a deeper look at Open Banking and the recent successes that various use cases in this ever-developing industry segment appear to have. In many parts of the world, Open Banking has really gathered momentum.
Later this summer, in September, to be precise, the payments industry is celebrating the second anniversary of PSD2 being fully enforced in European markets.
Open Banking, which is meant to enable new ways of managing money, whether this is in the shape of payment initiation or account information/aggregation services, has been around as a concept for several years now, and it is fair to say that it is getting traction now.
In most digital economies, the landscape of payment solutions for a number of use cases such as retail commerce, person to person payments, and corporate e-invoicing has been rapidly evolving over the last few years. As a result, both consumers and merchants can choose from a wide range of payment methods to make and collect payments, respectively.