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As of February 1st, 2021, open banking products were used by more than 3 million consumers and businesses across the United Kingdom (UK). For almost one quarter of SME's, open banking enabled financial management tools were downloaded for use. The next most downloaded products were e-Commerce payment products with 17 percent and accountancy and tax tools as well as cash flow tools with 16 percent respectively.
Share of app store propositions of open banking products for SME's in the United Kingdom (UK) as of February 2021, by app type
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Open Banking. (February 22, 2021). Share of app store propositions of open banking products for SME's in the United Kingdom (UK) as of February 2021, by app type [Graph]. In Statista. Retrieved May 21, 2024, from https://www.statista.com/statistics/1211880/share-of-app-store-open-banking-downloads-by-small-and-medium-enterprises-united-kingdom/
Open Banking. "Share of app store propositions of open banking products for SME's in the United Kingdom (UK) as of February 2021, by app type." Chart. February 22, 2021. Statista. Accessed May 21, 2024. https://www.statista.com/statistics/1211880/share-of-app-store-open-banking-downloads-by-small-and-medium-enterprises-united-kingdom/
Open Banking. (2021). Share of app store propositions of open banking products for SME's in the United Kingdom (UK) as of February 2021, by app type. Statista. Statista Inc.. Accessed: May 21, 2024. https://www.statista.com/statistics/1211880/share-of-app-store-open-banking-downloads-by-small-and-medium-enterprises-united-kingdom/
Open Banking. "Share of App Store Propositions of Open Banking Products for Sme's in The United Kingdom (Uk) as of February 2021, by App Type." Statista, Statista Inc., 22 Feb 2021, https://www.statista.com/statistics/1211880/share-of-app-store-open-banking-downloads-by-small-and-medium-enterprises-united-kingdom/
Open Banking, Share of app store propositions of open banking products for SME's in the United Kingdom (UK) as of February 2021, by app type Statista, https://www.statista.com/statistics/1211880/share-of-app-store-open-banking-downloads-by-small-and-medium-enterprises-united-kingdom/ (last visited May 21, 2024)
Share of app store propositions of open banking products for SME's in the United Kingdom (UK) as of February 2021, by app type [Graph], Open Banking, February 22, 2021. [Online]. Available: https://www.statista.com/statistics/1211880/share-of-app-store-open-banking-downloads-by-small-and-medium-enterprises-united-kingdom/