Open Banking is changing the payment industry and the adoption of Open Banking is increasing with over 11 million consumers and small businesses using the technology.

Retailers are increasingly implementing Open Banking as a payment method offering it alongside more traditional methods.

In this FStech podcast Lynsey Hunt, Head of Product at Payit by NatWest, takes a closer look at some of the challenges involved with the adoption of Open Banking and how the technology covers much more than payments.

She also talks about how Open Banking compares to other payment methods, such as Buy Now, Pay Later and addresses concerns around security and customer adoption.