If 2023 was the year of the launch of Open Gateway, this year has been the time for the implementation of its solutions.
Throughout 2024 there has been a
growth in the number of carriers taking part in the initiative, with the number of telcos doubling in the last 12 months. These cover all regions, with Asia and Europe the strongest. In addition, we have seen numerous announcements from carriers announcing joint
commercial launches . Many of them have focused on fraud protection and security, with tools such as the Number Verification API (which provides a seamless process that can replace manual SMS confirmations) and the SIM Swap API (designed to detect cases of stolen devices used illegally for unauthorised transactions).
On the
commercial side, great progress has been made, with more and more carriers offering ready-to-use APIs to developers and other distributors. In line with original expectations, the demand side (developers, distributors and companies) is responding favourably, and activity is expected to increase in the second half of 2024.
If you want to read more about the market overview, key developments, global adoption, the impact of APIs and Open Gateway's strategic outlook, you can access the
full report.