Open Banking Limited (OBL) published July 2025 adoption and usage data indicating continued growth in UK open banking. OBL reported more than 15.16 million people and businesses using open banking-powered services and a record 2.04 billion uses of open banking services in July, up 3.5% from June, alongside 34% growth in total users over the past year. Payments remained the main driver of activity, with payments reaching 29.89 million in July, up 8.7% from 27.5 million. Variable Recurring Payments (VRPs) represented over 4% of all open banking transactions, rising 8.6% to 4.26 million in July; OBL highlighted use cases including HMRC tax payments and adoption by merchants and travel firms. The update also linked the data to the UK’s Data Use and Access Act as an enabler for the next phase of open banking, open finance and smart data, with future developments expected to be shaped by longer-term regulatory plans.
Open Banking Limited 2025-09-01
United Kingdom's Open Banking Limited publishes July adoption data showing 15.16 million users and record 2.04 billion open banking service uses
Open Banking Limited reported continued growth in UK open banking, with over 15.16 million users and a record 2.04 billion service uses in July 2025, marking a 3.5% increase from June. Payments were the primary activity driver, with 29.89 million transactions in July, and Variable Recurring Payments accounted for over 4% of transactions. The data is linked to the UK's Data Use and Access Act, expected to influence future developments in open banking, open finance, and smart data.