Article: Your Essential Guide to Open Banking

Money, Open Governance

Your Essential Guide to Open Banking

According to Mastercard, open banking is helping fuel a revolution in financial services. It can provide people with more convenient ways to view and manage their money and simpler ways to access credit or personalized deals and rewards. Open banking can also power different kinds of payment services, such as payments in video games or using business accounting apps.

The practice is already helping to widen access to financial services for millions of people and build on the broader introduction of real-time payments and other emerging payment technologies.

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