Today, we’re announcing an important moment for us here at Yapily: Our strategic collaboration with Google to support the rollout of its bank account verification service as an option for business customers in Europe.
Open banking continues its growth trajectory
The timing of this strategic collaboration couldn’t be better. Open banking adoption is soaring across Europe. In the UK alone, nearly one in four adults and SMEs are now using open banking, with 29.9 million open banking payments made every month as of July 2025.
The sector is valued at over £4 billion and has been growing on average 70% year-on-year. Across mainland Europe, open banking is making impressive gains, with 63.8 million users and a market that is projected to grow by a further 427% by 2029.
Building on our momentum
We've been at the forefront of open banking’s development since the start, and we're proud of the momentum we've built. We have recently achieved profitability, seen a significant increase in revenue over the last nine months, and welcomed major partners like Adyen and Allica Bank to our platform. They join our long-standing partners such as Intuit QuickBooks, Pleo, Zilch, and Ant Group. Through Yapily, these businesses can connect to over 2,000 banks in 19 markets, enabling them to access financial data securely and initiate payments seamlessly.
On the Google announcement, our founder and CEO, Stefano Vaccino, said:
"I’m extremely proud that Google is working with Yapily to help deliver Google’s bank account verification services for business customers in Europe. With open banking adoption predicted to grow significantly in the next few years, I’m excited to see what the future of this strategic collaboration holds."
We are excited about what this strategic collaboration means for the future of open banking.