Mastercard explores the rise of open banking with their Q1 2021 Open Banking Tracker, produced by Open Banking Protect with the help of Konsentus Verify.
Headlines from Q1 2021:
- 474 TPPs were registered with a National Competent Authority (NCA) in Europe. 269 TPPs were registered in the EEA while 205 were registered in the UK
- The number of TPPs grew by 5% across the region — half as fast as the previous quarter. The growth rate in the EEA was 7.6%, while there was 2.5% growth in the UK
- Each EEA country has at least 43 registered TPPs under European passporting arrangements; the UK has 249 including 44 under the Temporary Permissions Regime (TPR)
- Across the region, 94% of TPPs were authorised to provide Account Information Services; of these, 50% were also authorised to provide Payment Initiation Services
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