The value of open banking transactions worldwide is estimated to grow by more than 500 percent between 2023 and 2027, from a value of 57 billion U.S. dollars to 330 billion U.S. dollars. The same tendency is expected to take place in the UK, where transaction value is forecast to increase from 13.6 billion U.S. dollars in 2023 to 82 billion U.S. dollars in 2027.
Value of open banking transactions worldwide and in the United Kingdom (UK) in 2023, with a forecast for 2027 (in billion U.S. dollars)
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Other statistics that may interest you Fintech in the United Kingdom
Overview
5
- Premium Statistic Number of fintechs in the UK 2012-2024
- Premium Statistic Number of fintech users in the UK 2017-2028, by segment
- Premium Statistic Revenue of the fintech industry in the UK 2018-2028, by segment
- Premium Statistic Transaction value of the fintech industry in the UK 2017-2028, by segment
- Premium Statistic Mobile internet usage reach in the United Kingdom 2014-2029
Investment landscape
6
- Premium Statistic Leading countries in Europe by number of fintech investment deals 2023
- Premium Statistic Leading countries in Europe by fintech investment value 2023
- Premium Statistic Value of investment into fintech in the UK 2014-2023
- Premium Statistic Number of investment deals in fintech in the UK 2014-2023
- Premium Statistic Value of VC fintech investment in the UK 2017-2022
- Premium Statistic Largest fintech investment deals in the UK 2023
Digital banks
8
- Basic Statistic Share of people using online banking in the UK 2007-2022
- Premium Statistic Number of neobanking users in the UK 2018-2028
- Premium Statistic Net interest income of digital banks in the UK 2017-2028
- Premium Statistic Value of deposits at digital banks in the UK 2017-2028
- Basic Statistic Most well-known neobanking and neobrokerage brands in the UK 2023
- Premium Statistic Key players in neobanking in the UK 2022, by brand share
- Premium Statistic Number of digital customers at leading banks in the UK 2023
- Premium Statistic Number of customers at selected digital banks in the UK 2023
Digital payments
8
- Premium Statistic Most used in-store (POS) payment methods in the UK 2017-2023, with 2027 forecast
- Premium Statistic Penetration rate of credit cards in the United Kingdom 2014-2029
- Premium Statistic Penetration rate of debit cards in the United Kingdom 2014-2029
- Premium Statistic Annual credit card spending in the UK 2012-2022, in local currency and USD
- Premium Statistic Annual debit card spending in the UK 2012-2022, in local currency and USD
- Premium Statistic Annual contactless spending in the UK 2014-2022, in local currency and USD
- Premium Statistic Most common online payments by type in the UK 2024
- Premium Statistic Biggest contactless payment brands at POS in the UK 2024
Cryptocurrency
5
- Premium Statistic Annual crypto adoption development in the UK 2020-2023, by metric
- Premium Statistic Crypto adoption in the UK as of November 2022, by age and gender
- Premium Statistic Quarterly number of crypto users in the UK 2021-2022
- Basic Statistic Most well-known cryptocurrencies in the United Kingdom 2023
- Premium Statistic Biggest cryptocurrency wallets in the UK 2015-2023, based on downloads
BNPL
4
- Premium Statistic Biggest buy now, pay later (BNPL) apps in the UK 2015-2023, based on downloads
- Premium Statistic Buy now, pay later (BNPL) statistics in the UK as of 2020
- Premium Statistic Buy now, pay later (BNPL) monthly debt in the UK 2022, by age group
- Premium Statistic Popular products to buy with buy now, pay later (BNPL) in the UK 2021
Open banking
8
- Premium Statistic Value of open banking transactions worldwide and in the UK 2023 and 2027
- Premium Statistic Number of open banking users in the UK 2019-2023
- Premium Statistic Estimated open banking penetration in the UK 2020-2023
- Premium Statistic Number of successful API calls made using ASPSPs open banking APIs in UK 2018-2024
- Premium Statistic Number of successful open banking payments in the UK 2021-2023
- Premium Statistic Number of open banking-enabled services in the UK 2019-2023, by outcome area
- Premium Statistic Number of open banking-enabled services in the UK 2019-2023, by type of customer
- Premium Statistic Benefits and use cases of open banking in the UK 2023
Further related statistics
10
- Senior chief financial officer salary per annum in Switzerland 2023
- NatWest group total income of the Ulster Bank Rol 2012-2023
- Prepaid debit card use in U.S. households 2013-2019, by tenure
- Total assets of the Industrial and Commercial Bank of China 2012-2023
- Operating income of the Industrial and Commercial Bank of China 2013-2023
- Total assets of the Bank of Communications 2013-2023
- Operating income of the Bank of Communications 2013-2023
- Total assets of the China Construction Bank 2013-2023
- Return on average common shareholder equity at Goldman Sachs 2009-2023
- Employee compensation and benefits at Deutsche Bank 2006-2022
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Statistics
- Senior chief financial officer salary per annum in Switzerland 2023
- NatWest group total income of the Ulster Bank Rol 2012-2023
- Prepaid debit card use in U.S. households 2013-2019, by tenure
- Total assets of the Industrial and Commercial Bank of China 2012-2023
- Operating income of the Industrial and Commercial Bank of China 2013-2023
- Total assets of the Bank of Communications 2013-2023
- Operating income of the Bank of Communications 2013-2023
- Total assets of the China Construction Bank 2013-2023
- Return on average common shareholder equity at Goldman Sachs 2009-2023
- Employee compensation and benefits at Deutsche Bank 2006-2022
Statista. (June 7, 2023). Value of open banking transactions worldwide and in the United Kingdom (UK) in 2023, with a forecast for 2027 (in billion U.S. dollars) [Graph]. In Statista. Retrieved June 17, 2024, from https://www.statista.com/statistics/1389390/value-of-open-banking-transactions-worldwide-and-uk/
Statista. "Value of open banking transactions worldwide and in the United Kingdom (UK) in 2023, with a forecast for 2027 (in billion U.S. dollars)." Chart. June 7, 2023. Statista. Accessed June 17, 2024. https://www.statista.com/statistics/1389390/value-of-open-banking-transactions-worldwide-and-uk/
Statista. (2023). Value of open banking transactions worldwide and in the United Kingdom (UK) in 2023, with a forecast for 2027 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: June 17, 2024. https://www.statista.com/statistics/1389390/value-of-open-banking-transactions-worldwide-and-uk/
Statista. "Value of Open Banking Transactions Worldwide and in The United Kingdom (Uk) in 2023, with a Forecast for 2027 (in Billion U.S. Dollars)." Statista, Statista Inc., 7 Jun 2023, https://www.statista.com/statistics/1389390/value-of-open-banking-transactions-worldwide-and-uk/
Statista, Value of open banking transactions worldwide and in the United Kingdom (UK) in 2023, with a forecast for 2027 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1389390/value-of-open-banking-transactions-worldwide-and-uk/ (last visited June 17, 2024)
Value of open banking transactions worldwide and in the United Kingdom (UK) in 2023, with a forecast for 2027 (in billion U.S. dollars) [Graph], Statista, June 7, 2023. [Online]. Available: https://www.statista.com/statistics/1389390/value-of-open-banking-transactions-worldwide-and-uk/