Secure Luxury: Open Banking Payments for High-Value Purchases

European Business Magazine

“As online shopping, live selling, and social commerce continue to grow, the luxury shopping experience must evolve to be more immersive, customised, and secure,” writes Donal McGuinness, CEO of Prommt.

Open banking payments are the ideal choice for luxury purchases. Customers experience a seamless, secure payment process directly from their banking app, while merchants enjoy reduced processing and operational fees, as well as strengthened fraud prevention measures.