Over 20% growth of users of Open banking services
May was another month we report over 20% growth of users of Open banking services provided by IRIS Solutions. The trend of consumer growth is since the beginning of the year. The growth of the users of the service for payment initiation is impressive - 40% on a monthly basis. The ratio between users - individuals and legal entities, remains relatively constant. In May, there was a slight change in favor of legal entities using the services for the account information delivery. In the service for initiating payment, there is a tendency to increase the number of transactions by individuals who use payment accounts in banks, providing excellent UX for their customers. This in turn generates additional income for banks.