How Open Banking APIs Power Instant Payments

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United States Science·WHYS
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Published on ● Video Link: https://www.youtube.com/watch?v=bSOeMheaITE


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Open Banking Payments 👉 Discover how open banking APIs enable fast, secure payments directly from your bank account using third-party apps. This video breaks down the payment initiation process, highlights key benefits, and explains the strict security measures and regulations that protect your data and money.

00:00 🔹 What Is Payment Initiation in Open Banking?
00:33 🔹 How Do Open Banking APIs Enable This?
01:05 🔹 The Step-by-Step Payment Flow
01:37 🔹 Benefits of Payment Initiation Through Open Banking
02:12 🔹 Security and Regulatory Safeguards

🏷️ open banking, payment initiation, banking APIs, digital payments, fintech, secure payments, bank transfers, api explained, third-party payments, how it works

📌 Financial Technology (FinTech) Mechanics 🔸 Open Banking and API Ecosystems 🔸 How Payment Initiation Works Through Open Banking APIs



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