Global Open Finance Adoption Report 2024-2030

This report offers a comprehensive analysis of the open finance landscape across 48 countries, segmented into lower-middle income (LMI) and upper-middle income (UMI) economies. Its impact potential score (IPS) assesses a country's readiness for open finance adoption, considering factors like mobile usage, credit access, and digital engagement. Projections estimate that by 2030, India, the United States, and Brazil will lead in open finance users, with India potentially reaching 479 million users due to its large population and expanding digital ecosystem. 

The report also highlights practical insights for financial inclusion and microfinance practitioners. It emphasizes that open finance can expand financial access by bridging infrastructure gaps with digital solutions, lowering costs, and empowering marginalized groups. Furthermore, it addresses challenges such as data privacy, security, and regulatory compliance, stressing the importance of consumer trust and collaboration among stakeholders.

The report concludes by outlining a roadmap for the future, emphasizing the need for investment in infrastructure, effective policy frameworks, and consumer education to ensure open finance reaches its full potential.