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What are the high-level Open Banking benefits for retailers?

There are a several, including:<br/><br/>

- lower payment transaction fees;<br/><br/>

- reduced exposure to customer chargebacks;<br/><br/>

- deeper consumer insights from account access and data aggregation;<br/><br/>

- access to real-time cash positions across multiple accounts and currencies;<br/><br/>

- fast access to funds via instant / faster payments;<br/><br/>

and,<br/><br/>

- bespoke loyalty propositions.

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