Open Banking · 46 pages
The Global State of Open Banking
From PSD2 to Section 1033 and beyond
Published July 15, 2025
Abstract
A jurisdiction-by-jurisdiction view of open banking regulation, market structure, and the use cases that have actually scaled.
Key findings
- ▍Pay-by-bank is moving from the long tail to a primary checkout option in selected EU and UK verticals.
- ▍Section 1033 is reshaping the U.S. data-access market and will accelerate pay-by-bank pilots.
- ▍Variable Recurring Payments are unlocking commercial use cases beyond sweeping.
- ▍Open finance - extending data access beyond bank accounts - is the next regulatory frontier.
Regulatory landscape
PSD2/PSR, Section 1033, and equivalent frameworks across Asia and Latin America.
Use cases
Pay-by-bank, VRPs, and data-driven personalization.
Liability and consent
Who is on the hook when a consent-based flow goes wrong.
Sources & References
- Accenture - Banking Insights
- McKinsey & Company - Global Payments Report
- Bank for International Settlements - Payments, Clearing & Settlement
- Gartner - Banking & Investment Services
External references are cited for context and discovery. CashlessTechnology.com is not affiliated with the listed organizations unless explicitly stated.