We all remember when PSD2 came as a promise of banking disruption and opened the doors for third party providers in Europe. Global mobile payment providers are already exploiting the void and need for mobile money management services, while banks remain reluctant and consider the complexities they already face and business risks involved with sharing client data. Nevertheless, not all regions are prone to adopting mobile payments at the same speed. Asia-Pacific seem to lead the trend, while western markets on the other hand observe these latest technology innovations with concern and even distrust.
2019 was a turbulent year that brought further development to one of the hottest markets. Highly anticipated PSD2 was awaited as a promise of final disruption.