This is how it works in Europe, or at least the EU.
Very few people ever switch an account anyway. Something loke 0.4% of the market have evere done it.
PSD2 is supposed to make it even easier but I guess we'll see.
Very few people ever switch an account anyway. Something loke 0.4% of the market have evere done it.
PSD2 is supposed to make it even easier but I guess we'll see.
Honestly can't find it now. It may just have been something I heard around the office (I am currently consulting with Open Banking in the UK but do not speak for them here or anywhere else)