Open Banking APIs (2026): 10 Providers Sorted by Region

Bank data used to arrive as a PDF statement and a lot of manual checking. With open banking, a customer gives consent, your app connects to their bank through a licensed provider, and you get account details, balances and transactions, or a payment straight from their account, in seconds.

This list covers data access and bank payments, not card acceptance. The ten providers below are listed alphabetically and in no particular order, and every description comes from each provider's own website, read as of Oct 2026. If you need to take cards as well, my guide to payment gateways covers that side.

Open banking providers by region and product

I checked the free plan column on each vendor's own website, as of Oct 2026. Yes means the page names a free plan, a free version or an open source edition. Trial only means it names a time-limited free trial. Not stated means the page I read named neither, so check the vendor's own site before you sign up.

Tool	Type	Good for	Free plan
Basiq	Open banking API (Australia)	Consumer Data Right access in Australia and New Zealand	Not stated
Belvo	Open finance platform (Latin America)	Banking, employment and tax data in Latin America	Not stated
Fiskil	Open banking and open data platform	Data holders meeting consumer data sharing rules	Not stated
GoCardless	Bank payments with open banking	Recurring and one-off Pay by Bank collection	Not stated
Plaid	Fintech data and payments APIs	Account verification, identity and transaction data	Not stated
Salt Edge	Global open banking and open finance	Data aggregation plus compliance for banks	Not stated
Tink	European open banking platform	Account data and Pay by Bank across Europe	Not stated
Token.io	Account-to-account payments infrastructure	A2A payments, VRP and payouts	Not stated
TrueLayer	European open banking platform	Moving customers from cards to Pay by Bank	Not stated
Yapily	Open banking API infrastructure	Payments, VRP and enriched data on one API	Not stated

Ten open banking API providers for data and bank payments

Basiq

Best for: Australian lenders and fintechs using Consumer Data Right access to 135+ institutions in Australia and New Zealand, with income and expense reports.

Belvo

Best for: Latin American fintechs pulling banking, employment and tax data, and connecting AI agents to open finance through its MCPs.

Fiskil

Best for: Banks and data holders meeting consumer data sharing rules, with 200+ banks, lenders and energy providers connected across Australia and New Zealand.

GoCardless

Best for: Businesses collecting recurring and one-off bank payments that want Pay by Bank from a provider with over a decade in bank payments.

Plaid

Best for: Apps needing bank account verification, identity checks and categorised transaction data, plus instant Pay by Bank and recurring payments.

Salt Edge

Best for: Connecting to over 5,000 banks for data, or helping banks themselves become open banking compliant, with Pay by Bank across Europe and the UK.

Tink

Best for: Lenders and merchants across Europe wanting account data and Pay by Bank through a platform that lists 6,000 bank connections.

Token.io

Best for: Merchants and payment providers wanting account-to-account payments, one-click recurring VRP and real-time payouts.

TrueLayer

Best for: European merchants moving customers from cards to Pay by Bank through a large, established Pay by Bank network.

Yapily

Best for: UK and EU fintechs building payments, variable recurring payments and enriched data on one API, with a licensed connect option for firms without their own.

Open banking is regional, and the providers say so

Here's what the provider pages make plain. TrueLayer calls itself Europe's leading open banking platform, Tink describes itself as a European open banking platform, and Belvo says it's an open finance platform for Latin America. Basiq's page says it's a wholly-owned but non-guaranteed subsidiary of Cuscal Limited, a company providing payments and regulated data solutions.

Even the product split is shifting. Token.io's page title leads with account-to-account payments infrastructure rather than data access, and GoCardless describes itself as a leader in open banking on a page about bank payments. So the first question isn't which API is best, it's where your customers' banks are and whether you need their data, their payments or both.

Which rules apply where your customers bank

• UK and EU. Open banking runs under PSD2 licences. Look for wide bank coverage in your target countries, Pay by Bank and variable recurring payments.
• Australia. The Consumer Data Right governs access, and several providers here connect to institutions in both Australia and New Zealand.
• United States. Data access has grown out of aggregation, and the Section 1033 rule is pushing banks towards standard consumer-permissioned access. One provider here offers banks a free readiness assessment for it.
• Latin America. Open finance there can include employment and tax records as well as bank data.

Data access or bank payments: questions to ask first

1. Coverage. How many banks does it connect to in the countries you sell in, and how reliable are those connections?
2. Licence. Does the provider hold the licence, or do you need your own?
3. Data depth. Do you get raw transactions only, or categorised data, income checks and identity verification too?
4. Payments. Can it handle one-off Pay by Bank, recurring payments and payouts, or only reading data?
5. Fraud and risk. What checks run on each payment or account connection?

That last point matters most for lenders and merchants taking first payments from new customers. My roundup of fraud detection software covers the checks that sit around bank payments.

Do you make an open banking API? Tool makers can ask to be considered for a featured place on this list.

My plain advice on choosing an open banking API

Start with a map of where your customers bank, then shortlist only the providers that are strong in those countries. Test each one with real accounts from your top five banks, because headline connection counts mean little if your customers' banks drop out.

And decide early whether you need data, payments or both. Some providers here are built around data access, others around moving money, and switching later means rebuilding your consent journey.

Want your tool on this list? Featured spots and reviews here are paid partnerships. Here's how to partner with me.

Frequently asked questions

What is an open banking API?

It's a regulated way for an app to access a customer's bank account data or start a payment from their account, with their consent, through a licensed provider.

Is open banking the same everywhere?

No. The UK and EU use PSD2, Australia uses the Consumer Data Right, the US has its own Section 1033 rule, and Latin America has its own open finance frameworks. Provider coverage varies by region.

What is Pay by Bank?

It's paying straight from your bank account through open banking instead of with a card. The customer approves the payment in their own banking app.

What are variable recurring payments?

VRP lets a customer give one consent for a series of bank payments within limits they set, which suits subscriptions, top-ups and loan repayments.

Do I need a licence to use open banking?

Not always. Many providers hold the licence and let you connect under it, while larger firms sometimes get their own. Check each provider's terms for your country.