TrueLayer CEO Says Open Banking Payments Are Just Beginning to Take Off

Francesco Simoneschi, CEO and co-founder of TrueLayer, a leading UK open banking fintech, states that the adoption of 'pay by bank'—a payment method that offers an alternative to traditional card payments—is still in its early stages. He highlights that despite growing interest, the sector is just at the starting line, signaling significant potential ahead for open banking payments.