PSD2 and Open Banking Market Projected to Reach USD 1.11 Billion by...

PSD2 and Open Banking Market Projected to Reach USD 1.11 Billion by 2032 at 10.4% CAGR

Posted 2026-10-30 11:03:42

Market Overview

According to the latest market analysis published by 24ChemicalResearch, the PSD2 and Open Banking Market was valued at USD 685 million in 2025 and is projected to reach USD 1.11 billion by 2032, registering a compound annual growth rate (CAGR) of 10.4% during the forecast period.

View Full Report: https://www.24chemicalresearch.com/reports/286495/latin-america-psd-and-open-banking-market
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PSD2 and Open Banking are regulatory and technological frameworks that enable financial institutions to share customer data securely with authorized third-party providers through application programming interfaces (APIs). These frameworks support services such as Account Information Services (AIS), which aggregate financial information, and Payment Initiation Services (PIS), which enable payments directly from bank accounts.

Key Market Drivers

Expansion of Fintech Services: Growing fintech activity is creating opportunities for new digital financial products and services.
Regulatory Implementation: Open banking frameworks encourage secure data sharing, interoperability, and participation by financial institutions.
Demand for Digital Payments: Consumers and businesses are increasingly seeking convenient payment solutions and integrated financial management tools.

Market Segmentation

By Type

Account Information Services (AIS)
Payment Initiation Services (PIS)
API Management and Infrastructure
Others

Payment Initiation Services is the leading segment, supported by demand for seamless digital payments, integrated bill payments, and alternatives to traditional card-based transactions.

By Application

Personal Finance Management
Credit Assessment and Lending
Account Aggregation
Enhanced Payment Solutions

Credit Assessment and Lending is identified as a transformative application, using shared financial data to support improved credit assessment and lending services.

By Regulatory Approach

Mandated Implementation
Guideline-Based Approach
Market-Driven Initiatives

Mandated Implementation is the leading segment, providing a structured framework for participation, interoperability, and the adoption of open banking services.

By Market Maturity

Mature and Scaling Markets
Emerging and Growth Markets
Nascent and Development Markets

Emerging and Growth Markets offer substantial development potential as fintech participation expands and regulatory frameworks evolve.

Competitive Landscape

The report profiles Nubank, Itaú Unibanco, Banco Bradesco, BBVA, Banco Santander, Banregio, Banco de Crédito del Perú, Scotiabank, and Banco del Estado de Chile. Banks and fintech companies are contributing to the development of open APIs, digital payment services, account aggregation, and financial management solutions.

Market Trends and Opportunities

The market is shifting from basic regulatory compliance toward value-added financial services. Opportunities include personalized financial management, data-enabled credit scoring, integrated payments, and collaborations between financial institutions and fintech providers. Secure data sharing and improved customer experiences remain important considerations for market participants.

About 24ChemicalResearch

24ChemicalResearch provides market intelligence and research reports covering market size, forecasts, segmentation, competitive landscapes, industry trends, and growth opportunities.

Website: https://www.24chemicalresearch.com/

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