Open Banking

The EPA projects drive industry change to shape the future and present of the payments

landscape for all stakeholders. Our projects bring together more than 80 high level

volunteers from across the payments industry.

“Open banking takes time to mature…

The number of payments using open banking [in the UK] have grown from just over 300 000 in 2018 to over 3 million in 2020.

As we move to digital, and as open banking or open data starts to mature, in some parts of the Asian region, you’re likely to witness a similar pattern and starting this year.”

Andy White

EPAA Advisory Board Member, The Year Ahead – 2021

Sponsor

Supporting Sponsor

Summary

Open Banking in Asia is emerging as a topic that can really change the consumer experience in terms of how they access their data and access services such as payments.

The payments industry in Asia can learn from other global markets, but the opportunity is also for Asia to be the master of its own destiny.

The EPA Asia Open Banking Working Group, in partnership with Asia Pacific Financial Forum (APFF), have conducted regional research on Open Banking across Asia. Our research consisted of fundamental market research, a regional survey (targeted at payment professionals), and the creation of a Supplier Directory of firms involved in Open Banking.

The Open Banking Working Group members consist of heads of policy, government affairs, compliance, legal, regulators, fintechs and payment business executives.

EPA Asia ordinary, scale-up, patron and benefactor members are all welcome to attend this group’s monthly meeting.

All Members of EPA Asia are invited to apply to participate in the Open Banking Working Group. For more information on joining the Open Banking Working Group: projects@emergingpaymentsasia.org