NatWest report finds 47% of UK businesses use Open Banking
- Trust is emerging as a key challenge for UK Open Banking adoption, according to Payit by NatWest’s 2026 Frictionless Payments research.
- Open Banking usage reached 47% of businesses surveyed; 94% expect to trial it as a payment method within 12 months.
- Regulatory oversight equivalent to banks’ requirements is very or extremely important to 93% of businesses surveyed.
- Current payment processes cause late payments for 59% of businesses; 55% report inefficient integration with existing infrastructure.
- Customer payments are too slow for 55% of businesses, compared with 49% citing insufficient payment-processing speed last year.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Natwest Group plc published the original content used to generate this news brief on October 26, 2026, and is solely responsible for the information contained therein.