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From compliance to customer experience, see how open banking drives efficiency and reduces costs
Many businesses struggle with getting new users to complete their sign-up flow. This is a particularly difficult issue for industries with strict onboarding requirements, such as money remittance businesses.
This takes us a step closer to having a more balanced open banking system that benefits both banks and fintech companies. In short, it is unlocking great features for digital payments in Europe.
Most transactions—around 84%—happen with debit or credit cards. So, if you're into business or thinking about it, it's crucial to get the lowdown on both card types.
This tech-savvy solution is gaining traction across the financial landscape, helping you pay your bills, split expenses with friends, and do business faster and cheaper. Another important highlight is that this kind of payment can support all direct account payments, including bank and digital wallets.
Stripe's practice of abruptly closing accounts with no warning or explanation has left many merchants wary of the platform. Additionally, the company's habit of holding funds from these accounts has only added to its unfavorable reputation in the business world.
Volume Payments Limited is a private limited company with company number 12431529
Volume Payments Limited, is a distributor of Modulr FS Limited, a company registered in England and Wales with company number 09897919, which is authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution (Firm Reference Number: 900573) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr FS Limited. Whilst Electronic Money products are not covered by the Financial Services Compensation Scheme (FSCS) your funds will be held in one or more segregated accounts and safeguarded in line with the Electronic Money Regulations 2011. for more information please see the Modulr safeguarding letter