Open Banking Reaches 1 Billion Payment Milestone in the UK

The U.K.’s open banking system has now powered more than 1 billion payments. That’s according to an announcement Tuesday (July 28) from Open Banking Limited , which also noted a second milestone: the system has now logged 100 billion API calls across its member banks since the debut of open banking more than eight years ago. “These milestones reinforce the UK’s position as a global leader in open banking and demonstrate an ecosystem that continues to scale in both volume and capability,” Henk Va