- How will you make money if you’re guaranteeing to keep it “100% free for consumers ”?
Open Banking presents a huge opportunity for both consumers and businesses. The barriers to entry - both technically and financially - have been lowered, so payments are fast becoming a commodity.
The real value will be created from the applications and services built on top of VibePay Open Banking Gateway we’ve built - an aggregation layer across all the existing banks (including Monzo!).
The VibePay consumer product is the best way for us to demonstrate our platform’s capabilities and add value to consumer’s everyday lives.
In 2020 you’re going to see Vibe launch premium services powering social commerce #GetPaid and allowing 3rd parties to benefit from our payment and data APIs. Our Vibe Promise is to keep the consumer offering 100% free and B2B offerings transparent and fairly priced.
