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Key opportunities of Open Banking

Online payments

Open Banking payments set to grow exponentially

The value of Open Banking transactions is estimated to hit US$57 billion globally by 2023.

eCommerce (2)

Many consumers are unknowingly using Open Banking

45% of UK respondents claimed they had used Open Banking during checkout, upon uncovering its definition.

Increase

Open Banking has the potential to outpace other payment options

19% of UK shoppers said they would use Open Banking more frequently in five years’ time, surpassing Buy Now Pay Later (14%).

Get ready for the future of payments with Open Banking!