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Of the 7 million consumers and SMEs recorded, Open Banking Limited reported that 1.2 million used Open Banking for the first time.
The payment platform has plans to expand its footprint in the UK.
European businesses will be able to use Open Banking to connect their bank accounts to the Fintellect app.
The publication of the Open Banking SWG’s report to JROC also revealed need for industry to work together to “unlock” potential of VRPs.
By teaming up, they aim to help companies in the German market with secure integrations to bank channels across Europe.
The acquisition, which is due to complete in the next few months, is Zopa’s first and will help it “bring to life BNPL 2.0”.
Since its launch in 2021, the digital lending infrastructure provider has already signed up 14 banks, to help them offer loans to consumers and businesses.
The survey sought responses from a mix of industry players to gauge how far along on the digital lending journey the ecosystem is.
The final report from the Strategic Working Group secretariat for the Joint Regulatory Oversight Committee highlighted “divergent views” among stakeholders about a future entity, data-sharing next steps and ecosystem reliability.
The partnership will “supercharge” checkout conversion for merchants, according to Trustly’s CPO.
