Visa reportedly ends its open banking activities in the US, signaling a strategic pivot while focusing on other digital financial services.
Highlights:
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Visa is reportedly closing its US open banking operations, marking a significant shift in its fintech approach.
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The move comes amid strategic realignment, with the company focusing on broader digital finance opportunities.
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Industry experts believe this may reshape competition in the US open banking market.
Summary:
Visa has reportedly shut down its US open banking operations, a surprising development in the company’s fintech journey. The decision suggests a strategic pivot, as Visa may redirect its focus toward other digital financial services and global fintech innovations.
This move could have major implications for the competitive landscape of open banking in the US, affecting fintech, banks, and consumers relying on interconnected financial data systems.
