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UK Open Banking Accelerates To Hit 5m Users

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The UK's roll-out of the Open Banking, which, given its two-year head-start on Australia's regime, is often used as a pointer for future adoption and success, hit a major milestone last week as it was announced that 5m users have now engaged with and used Open Banking.

Particularly impressive was that growth from 4m to 5m was achieved in just 4 months, much faster than previous 1m user increments.

This suggests that consumers & businesses are moving to embrace tools and services that enables them to move and manage their money much more readily.

https://www.openbanking.org.uk/news/open-banking-passes-the-5-million-users-milestone/

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