The PSR and FCA have published an update on the development of commercial Variable Recurring Payments (cVRP). This document accompanies a wider announcement on recent developments in the open banking market and the FCA's dedicated Open banking and open finance page.
In the update, we highlight the continuing efforts of industry members to expand cVRP. We also set out what we believe is required for sustained success as well as outlining our commitment to monitoring and supporting the market in 2026.