UK regulators provided clarification on pricing rules for open banking services, addressing how charges can be applied within the open banking ecosystem. The article explains that regulators confirmed expectations around fair, transparent, and proportionate pricing, with the aim of ensuring that open banking continues to support competition and innovation without creating barriers for participants. The clarification is intended to give greater certainty to banks, payment service providers, and third-party providers about how pricing structures should be designed and applied under existing regulatory frameworks.
UK regulators provide “clarity” on Open Banking pricing rules
