Finance Cross

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Across
  1. 3. Open banking technology aims to create new routes between customers' bank accounts and these.
  2. 7. Former Nationwide chief executive who led the review.
  3. 8. The review calls for the payment sector to use this technology for creating new routes.
  4. 9. The country that should develop strategies to challenge card network dominance.
  5. 10. Digital wallets, including Google Pay and Apple Pay, account for this percentage of UK retail payments.
Down
  1. 1. A service at risk of falling behind and needing an alternative.
  2. 2. A widely used service in the UK, taking 70-80 seconds on average.
  3. 4. The time alternative methods in Brazil, India, and Sweden take to process a transaction.
  4. 5. Visa and Mastercard together accounted for this percentage of all debit and credit card payments in the UK in 2021.
  5. 6. Card networks facing a probe into cross-border interchange fees.