UK Open Banking Ecosystem Growth and Performance Milestones
The UK Open Banking ecosystem reached over one billion payments and 100 billion API calls since its launch, driven by growth in monthly volumes and variable recurring payments.
Aggregated from 4 sources · Updated 31 Jul 2026, 04:02 UTC (UTC)
Coverage Balance
4 sourcesBlindspot Alert: Center Gap
This event is primarily covered by one side of the political spectrum. Niche or counter-narrative facts may be underrepresented.
Facts (10)
- Established
The UK Open Banking ecosystem reached a cumulative total of one billion payments and 100 billion API calls across CMA9 banks.
- Established
Over eight years have passed since the launch of Open Banking in the UK.
- Established
In June 2026, the ecosystem recorded 2.81 billion API calls, a 4.4% increase from the previous month.
- Established
Total Open Banking payment volume for June 2026 was approximately 40.1 million.
- Established
Variable Recurring Payments (VRPs) increased by 6.7% month-on-month in June 2026.
- Established
Single Domestic Payments declined by 1.2% in volume during June 2026.
- Established
Average response times for Open Banking payment requests improved to 349ms, a 50ms improvement from the previous reporting period.
- EmergingNiche Signal
Analysis from EY suggests an unlocked open banking regime could potentially add £43bn annually to the British economy.
- EmergingNiche Signal
Ozone API launched a commercial VRP product for non-CMA9 UK banks to support OBL 4.0-compliant infrastructure.
- Attribution
Henk Van Hulle, CEO of Open Banking Limited, stated these milestones reinforce the UK's position as a global leader in open banking.