This page may contain stale information. Last updated: 2026-06-03
Overview
Industry-led UK open-banking payments scheme enabling commercial variable recurring payments (cVRP) under FCA stewardship.
Recent Developments
- 2026-06-02: Scheme launched with 30+ founding members including Token.io
- FCA supports industry-led model; long-term regulatory consultation by end 2026
- Enables subscription and recurring bill payments via account-to-account rails