Open Banking enables payment users to have better control of and access to their transactional account data by giving regulated third-party providers the ability to initiate payments and access customer account data. Latin America is one region that has a thriving fintech sector and countries such as Brazil and Mexico are advancing in implementing open banking, based on the UK’s experience, aiming to promote competition and to support innovation and financial inclusion.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.