The ultimate guide for building the future of recurring payments

1 min read|Published March 20, 2024
Variable Recurring Payments with Tink

Variable Recurring Payments, powered by open banking, have huge potential for merchants and consumers in the UK. Scroll down to download our VRP guide to find out how they work and why they are important.

The potential for VRP to change the face of consumer payments as we know it, is real. The Open Banking Implementation Entity (OBIE) completed its consultation phase on VRP and Sweeping three years ago. Since then there’s been quite a lot happening, and things are starting to get exciting. 

In this guide we get to the heart of what exactly VRP is – and how it’s different to the recurring payments already in use – as well as hearing from Tink’s Andrew Boyajian, one of the leading industry voices on this topic. 

More specifically, you will learn about: 

  • How VRPs work (and where they’ve come from)

  • The difference between sweeping VRP and commercial VRP

  • The issues faced by consumers and how merchants can solve for them

  • Commercial VRP vs. direct debits

  • Use cases, including smart meter billing

  • The future and industry development 

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