Pay by Bank Adoption Doubles as UK Retailers Embrace Open Banking at Checkout
Pay by Bank usage has more than doubled in the past year, with over 40 major UK retailers now offering the Open Banking payment method at online and in-store checkouts.
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Elena Marchetti
Payments Editor
Elena Marchetti is FinBlockDaily's payments specialist, covering open banking, card networks, and account-to-account payments across the UK and EU.
Articles by Elena Marchetti
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Open Banking payment volumes in the UK have reached a new milestone, with monthly transactions exceeding 12 million for the first time as consumer adoption accelerates.