Episode Details

This episode features insights from the launch of the UK Payments Initiative (UKPI) at Money20/20 Europe, focusing on how Commercial Variable Recurring Payments (cVRPs) are transforming the open banking landscape. Experts discuss the phased rollout of these payment methods, regulatory and pricing frameworks, and the ecosystem collaboration required for widespread consumer adoption.

Key Topics

• The evolution of UKPI and the shift to commercial-driven open banking
• Commercial Variable Recurring Payments (cVRPs) vs. traditional direct debits and cards
• The phased rollout of cVRPs (Wave 1 restricted use cases to Wave 2 broader applications)
• Consumer benefits, including payment parameters, visibility, and control within banking apps
• Regulatory considerations, independent pricing principles, and mitigation of litigation risks
• Technical plumbing, industry collaboration, and transaction volume as key success metrics

Host: Louis Thompsett
Guest: Richard Mould
Producer: Anaya McDonald
Editor: Anaya McDonald

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