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Andrew Bailey blocks Rachel Reeves’s meeting with Revolut
(www.thetimes.com)
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this post was submitted on 30 Jul 2025
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UK Politics
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General Discussion for politics in the UK.
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There are a lot of Euro financial initiatives that the UK financial services drive and adopt, such as Open Banking and Open Finance.
Don't mistake the UK being outside of the EU with Financial Services in the UK, they see big picture plans and generally ignore the smaller petty politics.
In this case, as Wero gets adopted, it's in their best interests to support it otherwise there is a risk that customers would not be able to purchase when travelling and what's the point of adopting that risk when you could just support it?
Very true. Excellent point there.
An example of a UK company taking advantage of Open Banking is TrueLayer, but ira merchant side implementation. Ryanair and quite a few other companies have jumped on this and you can "Pay by Bank" at checkout.