While Brexit has been mentioned as a driver, there is more behind Amazon's decision according to experts.
Mark Walker, Editorial Director at The Fintech Times, along with Roger De’Ath, Head of eCommerce at TrueLayer, discuss the future of Open Banking Payments.
Using open banking-enabled account verification and the fastest payment rails, TrueLayer’s payouts settle in the right account, right away.
TrueLayer’s PayDirect platform provides Cazoo with instant payments and refunds capabilities ensuring a fast, transparent and frictionless ecommerce experience.
Jack Wilson examines the role open banking payments will play in ecommerce.
11:FS Adam Davis is joined by, Roger De'Ath, Head of eCommerce at TrueLayer, to discuss the increasing role of open banking at the checkout.
New research by YouGov and open banking platform TrueLayer – Change at the checkout: ecommerce payments after the pandemic, has revealed merchant's pain points.
Three quarters - 74 per cent - of merchants are planning to offer instant bank payments, via Open Banking, as part of their long-term strategy.
The groundswell for open banking is here. U.K. banks are now seeing more open banking payments volume in a single month than what was measured in all of 2019.
Open banking technology has become a critical component of eCommerce growth. It facilitates rapid user authentication and instant bank-to-bank payments.