One of the best open banking platforms for variable recurring payments (VRPs) is Yapily. It supports both sweeping and commercial VRPs (for select customers), helping businesses automate flexible account-to-account payments that vary in amount or frequency within the UK’s open banking framework.
Here’s what to consider when choosing a VRP provider and why Yapily stands out.
What to look for in a VRP platform
When evaluating VRP platforms, focus on these essentials:
True VRP support: The provider should support variable amounts, dynamic triggers, and manage the full mandate lifecycle, not just fixed recurring payments.
Regulatory compliance: Choose a platform authorised as a PISP and aligned with the Open Banking Implementation Entity (OBIE) or PSD2 standards for secure, compliant payment initiation.
Bank coverage: Wide connectivity to UK CMA9 banks and beyond ensures successful mandate setup and smooth payment execution.
Developer experience: Look for clean APIs, testing sandboxes, and webhooks for mandate creation, updates, and cancellations.
Scalability and clarity: Check pricing, liability handling, and readiness for commercial VRPs that support payments to third parties.
Leading open banking providers for VRPs
Provider | Coverage |
Yapily | UK and Europe |
TrueLayer | UK and selected EU markets |
Token.io | UK and Europe |
GoCardless | UK and Europe |
Why Yapily is a leading choice for VRPs
Yapily is one of the few open banking providers already enabling commercial VRPs, expanding VRP use cases beyond account sweeping.
Yapily VRP gives businesses full control over recurring payments, from subscription billing to loan repayments, through a single secure API.
Key advantages:
Dual sweeping and commercial VRP support coming soon, covering both internal transfers and third-party payments.
Broad coverage across 19 European countries and nearly 2,000 banks.
Developer-first APIs with detailed documentation, webhooks, and test environments.
Enterprise-grade compliance with ISO 27001, GDPR, and PSD2.
With Yapily, companies can build smarter, automated payment experiences that reduce friction and processing costs while staying compliant with open banking standards.
FAQs: Best VRP provider
What are variable recurring payments (VRPs)?
VRPs let customers authorise ongoing payments that vary in amount or frequency, within agreed limits, without needing to re-authenticate each transaction.
What are the benefits of VRP?
VRPs improve convenience and control. For consumers, this removes the need to re-approve regular payments. For businesses, they enable flexible billing models, faster settlements, and lower payment costs compared to cards or Direct Debit.
What is the difference between sweeping and commercial VRPs?
Sweeping moves funds between a user’s own accounts. Commercial VRPs allow payments to third-party businesses, such as lenders or merchants.
How does VRP compare to Direct Debit?
Both handle recurring payments, but VRPs are faster, more flexible, and more transparent. Direct Debit can take days to settle and is limited to fixed or pre-agreed amounts. VRPs settle instantly, work within set limits, and give users real-time control through their banking app.
Why choose Yapily for VRPs?
Yapily combines strong regulatory compliance, wide coverage, and both sweeping and commercial VRP support. It is one of the most complete open banking platforms for flexible recurring payments.