BBVA API Market
Implementing an API in your business has more benefits when opening a business process than you may think. In fact numerous studies are predicting a considerable increase in 2016 in the number of companies and startups that decide to integrate an API to improve their B2B strategies (business-to-business).
Here are six reasons for this increase:
Throughout 2016, companies will be increasingly using third-party data in their business processes, and above all in their decision-making. They must therefore be prepared to build their strategy by focusing on the whole business process, and following the principles of agile development.
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Alipay has become one of the most important and popular payment systems in the world. Owned by Ant Financial Services Group, a subsidiary of Alibaba, it currently has 1.3 billion users, becoming the most widely used platform globally to make cell phone payments.
Bank accounts are one of the most popular products taken out by Spanish citizens. Open banking is helping to further generalize this product among the population by offering digital accounts on third-party platforms. An incredibly attractive option with a number of advantages over traditional checking accounts.
Online businesses are offering more and more facilities for customers to pay for their products. It is becoming more common to integrate financing into retail applications, and it is an added value for companies that implement it within their platforms.