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> Why are these API banks always in the UK?

Plus, Open Banking and Faster Payments (which were EU initiatives before Brexit) maybe helped.

faster payments had nothing to do with the EU

"open" banking did (and accordingly you have to be a large company to participate at all)

Instant interbank transfer is basically everywhere[1] - China, India, Korea, Singapore, Malaysia, Indonesia, etc...

yes, the EU launched a separate instant payment scheme a decade later

doesn't mean the EU had anything to do with the UK's domestic faster payments scheme

(SEPA is also euro only)

I was thinking of PSD (the original one), but it turns out that only required end of next business day settlement.