Open banking is growing 4x faster than contactless payments despite skeptics

Everybody was expecting a big bang effect overnight. Everybody using account to account payment, people switching bank account, the PSM becoming a substitute for the bank. In my view, it was a bit naive that anything financial services can happen as a big bank. Open banking has been growing very fast. On the payment side four times faster than contactless payment. And so we are in a space where the direction is very clear. Everything is moving to open finance via API, not just in UK, but in Europe, in The US now with section ten thirty three, and across the globe. So there are more than 80 jurisdictions that are