Open Banking services provided by Third Party Providers (TPPs) are becoming an integral part of the payments market

• Open Banking services – Payment Initiation Service (PIS) and Account Information Service (AIS) give their providers access to the infrastructure of payment account providers (ASPSP).
• The e-commerce market is currently seeing a trend of strengthening the presence of the PIS service at the expense of the previously dominant acquiring service. Also, the AIS service is increasingly used, especially as a component of other processes (identity verification, credit assessment).
• The TPP license ( particularly AIS only) offers the opportunity to provide Open Banking services without having to adapt the business to some of the regulatory requirements immanent to classic payment market licenses.

The key information about the TPP license