Basiq brings data and payments together on the one platform with Smart Payments, supercharging Fintechs to launch new services.
In the final edition of the Basiq Insights series we take a look at the top 10 fintech trends of 2021, the most read articles on the Basiq blog and look to the future as we head into an exciting year ahead in 2022.
Third party payment initiation in Australia is expected to go-live in mid 2022 via the New Payments Platform (NPP’s) PayTo. PayTo is an incredibly exciting development and will revolutionise the way consumers both pay and manage their payments. The Consumer Data Right (CDR) is also looking at payment initiation under its next policy iteration of ‘Action Initiation’.
Open Banking payments represents the confluence of payments and data. This piece gleans what Open Banking Payments means within the Australian regulatory landscape, the industry players and the benefits for merchants and consumers alike.