As more money moves online, people need simple, easy ways to bring their money into the digital financial ecosystem.
In order to fulfil this need, open banking is initiated by the Competition and Markets Authority (CMA) to change how banks handle and control your financial information.
In short, open banking will mean your financial providers share your financial information (this includes balances, transaction history and spending habits) with third parties, so long as you give them permission to do so.
Firstly, making money management easier and more transparent for users.
Additionally, the ability to see a single snap-shot of users’ overall financial position in one place and better compare financial products will allow you to get a better understanding of their finances.
Furthermore, users are available to analyse spending across accounts and create budgets and savings goals for the future.
By adding Plaid into your payment solutions, your customers are available to choose to pay by Plaid after scanning your merchant payment QR code.
This payment solution will largely diversify your payment collection method and your customers have more options when making a payment.
Moreover, by adding this payment solution, you can integrate popular Chinese payment methods(WeChat pay and Alipay) and other popular APP payment methods altogether!
Learn more about accepting payments through Globepay by contacting email@example.com
Level 30, 40 Bank Street, Canary Wharf, London, E14 5NR
020 8226 5115 (24/7)
Download our app
WeChat Official Account
WhatsApp Business Account
© 2018 GlobePay Limited | is authorised and regulated by the Financial Conduct Authority under the Payment Services Regulations 2017.This can be checked on the Financial Services Register by visiting the Financial Conduct Authority website and searching by Firm Reference Number (FRN) 930172.