How can Indian consumers benefit from Open Banking?

21 Apr 2022 By PAYCEC

While the traditional banking system provides a limited set of services to its customers, Open Banking has brought huge benefits for end consumers in India. Some of them are:

  • Customers have a variety of multiple service providers for any service in mobile apps.
  • Consumers are empowered to take charge and make informed decisions.
  • Open Banking APIs enable queue-less payments and easy payment options.
  • End users can unify accounts between online and in-person payment methods to access instantly the investment market, bank accounts, online products and services purchasing.
  • Indian consumers can now use the power of Open Banking information to make better credit decisions by comparing products, allowing for fast credit and remittances as well as applying greater visibility into spending habits and behaviors.

Have other questions?

If you need further assistance or answer, please don't hesitate to contact us.

Have other questions?

The Media

Finextra One IBC Yahoo Finance
About us

who we are

about us

We are honored to serve as your reliable business partner and financial service provider in the industry and other business-related services. With the help of our professional staff, to help merchants to achieve their goals for the development and expansion of the international business market.

Our payment flow has developed in the e-commerce world to perform seamlessly and effectively across all platforms and devices. We take pleasure in combining technology with customer service, to solve your concerns at the moment.

PayCEC is a fully worldwide payment network that not only allows merchants to be paid immediately and securely, but also allows them to withdraw money in multiple currencies to their company accounts.

We will contact you shortly.

Email Phone
Scroll top