Nearly a third of all adults in the United Kingdom now use open banking services, according to figures from Open Banking Limited published on 1 September 2025. The data indicates that more than 15.6 million people and businesses in the UK are utilising services powered by open banking, reflecting a 34% user growth over the past year. In July, the number of open banking payments reached a record 2.04 billion, marking a 3.5% increase from June. The total value of payments also rose to £29.89 million, showing an 8.7% monthly uptick (Source: PYMNTS).
Open banking refers to regulated access to consumer financial data, enabling third-party providers to offer payment and information services directly linked to user bank accounts. The growing adoption is attributed to perceived benefits such as faster, more secure account-to-account payments and streamlined identity verification.
- 15.6 million+ open banking users in the UK (as of September 2025)
- 2.04 billion open banking payments processed in July 2025
- 34% rise in users over the past 12 months
- £29.89 million total payment value via open banking in July (+8.7%)
- UK Data Use and Access Act paves way for enhanced open finance
Henk Van Hulle, CEO of Open Banking Limited, commented: “This data shows how open banking is now part of everyday life for millions of people and businesses across the U.K., from paying taxes to shopping online. It’s fast, secure and built on trust.” He added, “To maintain momentum and unlock its full potential, we look forward to working closely with government, regulators and the wider ecosystem, ensuring open banking delivers even greater value, innovation and impact for everyone.”
The sustained growth may influence the UK betting and casino sector, where demands for rapid payouts are significant. Adoption of open banking gateways could facilitate near-instant withdrawals, reduce reliance on cards and e-wallets, and potentially lower processing risks such as chargebacks and anti-money laundering (AML) screening times. For more on fast casino withdrawals, see our guide on fast payout casino sites.
| Metric | Value (July 2025) | Change |
|---|---|---|
| Users | 15.6 million+ | +34% (annual) |
| Payments | 2.04 billion | +3.5% (monthly) |
| Total Value | £29.89 million | +8.7% (monthly) |
The recent passage of the UK Data Use and Access Act establishes a framework for the next phase of open banking and open finance, aiming to expand data sharing and service innovation. For comparison, open banking adoption in the U.S. remains lower, with roughly 11% of American consumers using such payments, though 82% report satisfaction.
To learn more about account-to-account payment methods for casino withdrawals, visit our overviews of Trustly withdrawals, bank transfers, and e-wallet options. Insights into regulatory developments are covered in our article on UK watchdog action on digital payments. For an overview of all withdrawal methods, see our full payment method list.
