Revolutionary Open Banking: A Macropay Review

by MC P. Marketing

It seems that countries all over the world are experiencing some sort of economic issue. With President Putin's war on Ukraine and Sri Lanka’s economy crashing, money flows may be affected worldwide! With this premise, this Macropay reviews the future of payments and open banking in the present economic climate.

Open Banking Technology

The future of banking has arrived and it's called Open Banking. No longer are you limited to one app for your checking account, now there is a wealth of options available! The best part? Financial institutions have made their API (application programming interface) open so that any developer can build an application or service using relevant data.

Applying open Banking to Businesses

Business owners and customers are seeing an increase in the number of transactions being cut out between bank accounts, which is a promising trend that will improve both parties' financial records.

The recent developments in banking have seen a number of big names, such as Samsung and JP Morgan develop open apps that allow users to access their bank accounts from anywhere through an app on your phone or computer browser without having go through any tedious processes like filling out forms for every transaction you make!

Here are even more examples of open banking technology in the digital age:

Cleo is a personal financial assistant that will help you stay on top of your finances and reach all those goals.
Tully is a digital debt adviser that helps people understand their financial circumstances and, if needed, provide budget-based support for set up of financial advice.
The fintech unicorn Revolut has incorporated open banking into its services. The platform lets you see your external account balances and transactions.
Macropay is a financial technology company that specialises in payment gateways and open banking technology. They work with businesses and help them accept a wider array of payment methods.

Macropay in Review: Open Banking Service

In review, Macropay's open banking platform is a service that allows merchants to use and access the banking resources of their choice, easily. The integrated system also gives them complete control over payments from any account with just one click!

Get in touch with Macropay to find out how you can get your business to integrate this exciting new payment technology.