Today, around the world, and particularly among younger generations, smartphone apps and digital wallets are used to make purchases and transfer payments with just a few taps. There are several emerging payment options available that are quickly gaining popularity with consumers. This brings a great level of convenience to online purchases and transactions.

Both consumers and merchants have proved they’re eager for change in financial services, but what we’ve seen since PSD2 is just the beginning. We look beyond the opening up of APIs to see what sort of next-generation payments will satisfy demand as innovation in open banking gains pace.

Wowing customers isn’t just about providing new novel ways to pay. It’s about having an agile, open platform that takes interactions to different levels. How to achieve this? Read on.

PSD2 is an evolution and extension of existing regulation for the payments industry.

Rapid Transfer and other services specialising in bank transfers are particularly successful in cash-centred markets and will be even more popular following PSD2

PSD2 encompasses the full payments cycle, so with cross-border payments and an ever-increasing use of digital payments on the rise, getting to grips with it and how it applies to merchants is critical

Application Programming Interfaces (APIs) are one of the key building blocks in the digital transformation we see today