Open Banking Solutions Market worth $11.7 billion by 2028, growing at a CAGR of 16.0%: Report by Mar

Sheetal2316 Jul, 2024Technology

The Open Banking Solutions Market size is expected to grow from USD 5.5 billion in 2023 to USD 11.7 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 16.0% during the forecast period, according to a new report by MarketsandMarkets?It is noticed that consumers increasingly prefer mobile apps for banking transactions that facilitate seamless fund transfers, bill payments, and account management, web portals that in the current era serve as comprehensive platforms for digital banking, enabling customers to interact digitally across various services, and convenience for users to track their receivables, payables, and other financial activities via web portals, thereby enhancing transparency and control, are key driving factors of the Open Banking solutions market.