Menu

When did open banking start in the UK?

Some may say that Open Banking in the UK started in 2015. But it was not until 2018 that Open Banking UK was made official across the UK and all over Europe. In 2015, the nine biggest banks in the UK were requested by their government to share customer information with authorized third party providers. Then in 2018, an Open Banking UK regulation called PSD2 came into force and made this mandatory for the CMA9. The nine largest banks, CMA 9, since then started to open up their databases and make the most of their customer data. As a result, the account aggregation and payment service industry has been blooming ever since.


Have other questions?

If you need further assistance or answer, please don't hesitate to contact us.

Have other questions?

The Media

Finextra One IBC Yahoo Finance
About us

who we are

about us

We are honored to serve as your reliable business partner and financial service provider in the industry and other business-related services. With the help of our professional staff, to help merchants to achieve their goals for the development and expansion of the international business market.

Our payment flow has developed in the e-commerce world to perform seamlessly and effectively across all platforms and devices. We take pleasure in combining technology with customer service, to solve your concerns at the moment.

PayCEC is a fully worldwide payment network that not only allows merchants to be paid immediately and securely, but also allows them to withdraw money in multiple currencies to their company accounts.

We will contact you shortly.

Email Phone
Scroll top