Open Banking has quietly moved from an emerging innovation to an everyday reality. What was once a concept reserved for fintech early adopters is now part of daily life for millions of UK consumers — and the latest adoption figures make it clear: open banking has reached a tipping point.
In July 2025, open banking in the UK hit two remarkable milestones: more than 2 billion API calls in a single month and over 15 million active users. To put that into perspective, that’s nearly one in three adults in the UK using open banking services.
These numbers aren’t just technical statistics. They’re proof of growing confidence, mainstream adoption, and a shift in how people choose to manage their money and make payments.
For years, the most common use of open banking was through Account Information Services (AIS) — tools that allowed users to view their balances or transaction history in one place. While this is still a major driver, the real change is happening in Payment Initiation Services (PIS).
Payment initiation is now seeing the fastest growth, with usage climbing at an impressive rate. Consumers are no longer just checking information — they’re actively making payments via open banking because it’s faster, more secure, and eliminates unnecessary steps.
This behaviour shift is the strongest signal yet that trust has caught up with the technology.
These milestones should be a wake-up call for businesses. Open banking is no longer a future trend — it’s an expectation. Customers now expect payment experiences that are:
Companies that adopt open banking early aren’t just meeting consumer demand; they’re positioning themselves as leaders in customer experience. Those who wait risk falling behind as competitors embrace more modern payment solutions.
At Secure MT, we see this moment as a turning point for the UK payments ecosystem. The growth in adoption highlights how critical it is for businesses to act quickly. Offering open banking payments is no longer about staying ahead of the curve — it’s about keeping up with customer expectations.
The future of payments is already here. The only question is: how soon will your business be ready?
