Estimated open banking penetration in the UK 2020-2023
The estimated penetration of open banking in the total base of digitally enabled consumers and small businesses increased gradually between March 2020 and June 2023. In March 2020, the penetration was estimated to be between 2.5 and 3.5 percent. This increased to 11-12 percent by June 2023. In other words, one in nine digitally enabled end-users were using at least one open banking-enabled product or service in June 2023.