The Bank of Italy has published a comprehensive report on the development of Open Banking in Italy, analysing the evolution of authorised entities, competitive dynamics and the geographical distribution of operators. Drawing on supervisory statistical data collected since 2020, the study concludes that while the market is growing, adoption remains limited and concentrated in business use cases. Open Banking payments account for 0.13% of online credit transfers and are mainly concentrated in the B2B segment, where firms use integration with Enterprise Resource Planning systems. The retail segment appears to be lagging, potentially due to competition from established instruments such as cards and digital wallets, technical limitations and a weak value proposition for end users. The report also highlights a low propensity for internationalisation among domestic operators, with only a small share operating cross-border compared with European competitors.
Bank of Italy 2025-10-10
Bank of Italy report finds Open Banking usage still marginal at 0.13% of online credit transfers despite growth
The Bank of Italy's report on Open Banking reveals limited adoption in Italy, with growth concentrated in business use cases. Open Banking payments represent 0.13% of online credit transfers, primarily in the B2B segment, while the retail sector lags due to competition and technical challenges. The study also notes a low internationalisation rate among domestic operators compared to European peers.