rous Australian lockdowns has led to online banking as a major market in Australia, with more than 80% of Australians preferring to bank online rather than in a banking branch.
Additional comments regarding the economic situation for online-banking services or what FinTech’s must be aware of in this business area
Open banking, since its launch in 2020, has 16 banks, who represent 85% of household deposits as date holders. More and more banks and services will revert to open banking as the system continues to improve.