Thank you for the question. For sure, I can.
In the U.K., they have a real-time payment system and open banking. One of our members is a global fintech company. When the U.K. modernized its payment system, it gave fintechs access to it. The moment they integrated into that system, they were able to cut their average cost of payment by 20%. That was just immediately upon connecting, and they were able to decrease the speed of the movement of funds to seconds. It happened in real time, more or less.
The cost of an open banking payment is also a fraction of the cost of a credit card transaction from the merchant's perspective. This is also something that exists in Europe and in Australia. Canada is one of the only advanced economies not to have made progress on these things yet.