The UK, which launched open banking in 2018, is seeing its fintech sector struggle to make open banking-powered payments a viable alternative to card payments (Akila Quinio/Financial Times)

Akila Quinio / Financial Times: The UK, which launched open banking in 2018, is seeing its fintech sector struggle to make open banking-powered payments a viable alternative to card payments  —  London was a world leader for payments technology but now risks falling behind  —  Simply sign up to the Fintech myFT Digest — delivered directly to your inbox.

May 27, 2025 - 13:00
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The UK, which launched open banking in 2018, is seeing its fintech sector struggle to make open banking-powered payments a viable alternative to card payments (Akila Quinio/Financial Times)

Akila Quinio / Financial Times:
The UK, which launched open banking in 2018, is seeing its fintech sector struggle to make open banking-powered payments a viable alternative to card payments  —  London was a world leader for payments technology but now risks falling behind  —  Simply sign up to the Fintech myFT Digest — delivered directly to your inbox.