Card Payments Are Slow, Costly, and Dying—Here's What Consumers Are Turning to Instead

This story was originally published on HackerNoon at: https://hackernoon.com/card-payments-are-slow-costly-and-dyingheres-what-consumers-are-turning-to-instead.

2025 is the tipping point for pay-by-bank. Lower fees, instant payments, and new regulations make it the future of digital transactions.

Check more stories related to business at: https://hackernoon.com/c/business.
You can also check exclusive content about #business, #open-banking, #pay-by-bank, #noda, #open-banking-platform, #digital-payments, #card-payments, #good-company, and more.




This story was written by: @noda. Learn more about this writer by checking @noda's about page,
and for more stories, please visit hackernoon.com.





Pay-by-bank is an account-to-account payment method powered by open banking. Banks securely share APIs with licensed providers, and users authorise payments directly through their bank’s interface. The payment flow bypasses card networks entirely.