United Kingdom presents recurring account payment solution

Europe is not the only one working at its own independence in the face of the dominance of the American schemes, Visa and Mastercard. If the model PPE and EuroPA In this way, the UK's major banks and fintechs have just launched a new automated payment solution, promoting their vision for variable recurring account payments (VRP) through open banking, under the leadership of the UK Payments Initiative Ltd and with the support of the Government's National Payments Vision.