Digital commerce continues to drive demand for new payment solutions that are faster, more transparent, less risky, and cost efficient. Take a closer look at the potential of open payments and how PSPs will bring these services to market.
PIS will enable open payment solutions, which are expected to take an increasing share of European payment volume.
Conversion is table stakes. Cost reduction will be a significant driver for merchants to favour open payments over cards.
Mass adoption will happen in the next three to five years, with the UK, Poland, Germany, and the Netherlands setting the pace.