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Open Banking Limited reported that its ecosystem logged 100 billion API calls since its launch over eight years ago, with the most recent month seeing 2.81 billion API calls—a 4.4% month‑over‑month increase and the highest monthly volume recorded. The system processed 40.1 million payments in June, with single domestic payments down 1.2% but variable recurring payments rising 6.7%, and average response times improving to 349 ms, 50 ms faster than the prior period. PYMNTS Intelligence research indicates that while 46% of American consumers are willing to use open‑banking payments for at least one purchase type, only 11% have actually done so, highlighting a gap between willingness and adoption.
The open‑banking ecosystem reached a cumulative total of 100 billion API calls.
API call volume grew 4.4% month‑over‑month to 2.81 billion, the highest monthly total to date.
June saw 40.1 million payments processed, with variable recurring payments up 6.7% while single domestic payments fell 1.2%.
Average response time for payment requests improved to 349 ms, a 50 ms reduction from the previous period.
Only 11% of U.S. consumers who are willing to use open‑banking payments have actually done so.
It announced that the ecosystem has logged a total of 100 billion API calls since its launch over eight years ago.
The system recorded 40.1 million payments, with single domestic payments decreasing 1.2% and variable recurring payments increasing 6.7% month‑over‑month.
According to PYMNTS research, 46% of American consumers say they would use open‑banking payments for at least one purchase type, but only 11% have actually used them.
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