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BTCC / BTCC Square / Global Cryptocurrency /
Visa Shifts Open Banking Focus Amid US Regulatory Uncertainty

Visa Shifts Open Banking Focus Amid US Regulatory Uncertainty

Author:
Global Cryptocurrency
Published:
2025-08-26 00:17:02
19
3
BTCCSquare news:

Visa's stock dipped slightly after the payments giant announced it WOULD shutter its US open banking operations, citing regulatory concerns and potential fees from financial institutions. The company is redirecting resources to markets in Latin America and Europe, which it deems higher-potential regions for open banking growth.

JPMorgan Chase and other banks are considering charging fees for access to consumer banking data—a MOVE that could cost Visa hundreds of millions annually. Meanwhile, the firm received a minor boost from fintech partner Lithic, though details remain undisclosed.

|Square

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