The November 2022 Aite-Novarica Group report from the MPE 2022 Conference identifies four defining trends shaping the move toward an open ecosystem. These include the expansion of open banking into open payments, highlighting API-driven innovation; continued challenges with strong customer authentication and the need for improved implementation; advancements in card payment security; and the growth of alternative payment methods supporting cross-border commerce. The report also explores emerging opportunities in cryptocurrencies and the metaverse, emphasizing their potential role in the future of payments.

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