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PAIO, a British payment provider, has announced the launch of its UnionPay International card acquiring service. The company is expanding its card acceptance capabilities through a strategic partnership with DECTA, a global payment processing company.

When you pay online by entering your bank account details directly, you’ve interacted with Open Banking, even if you didn't know it. Open Banking is a technology that allows banks and financial institutions to securely share your financial data with your consent.