Open Banking allows regulated companies - like fumopay - to bring new financial payment services to the retail sector. Finally, retailers have an alternative to the traditional card payment processing methods, which is a one size fits all process not designed for today's busy mobile consumer.

 

Being able to simply pay anywhere, whilst on the move with a glance at your phone will transform the use of open banking payments in retail. Consumer adoption will continue to increase through their love of simplicity and soon removes the need for constantly carrying a payment card or indeed storing valuable and private data on their device.

 

This whitepaper aims to explain a number of the benefits of Open Banking 'Pay by Bank' payment so you can start your journey and join the payment revolution!