Variable recurring payments (VRPs) enable customers to safely connect authorised payment providers to their bank account using open banking so that they can initiate recurring payments. We want to expand VRPs to increase choice and flexibility for consumers and businesses.
In December 2023, we published a call for views (CP23/12) that set out our initial proposals on how to expand VRPs into new use cases, through a Phase 1 roll-out. We received responses from across the open banking ecosystem.
We are now publishing our response to the call for views and making public all the non-confidential responses we received.
Supplementary Files
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Non-confidential stakeholder submissions to call for views (C23/12)
pdf | 16.5 MB
