A guide to a new era of digital payments in the U.K.

Variable Recurring Payments (VRPs) are shaking up the payments landscape. Learn about their different types, potential challenges, and how pioneers like Moneybox are using them to gain a competitive edge.

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Most U.K. banks still rely on Direct Debits, a technology from the 1960s.


VRP transactions in the U.K. increased from <60K to >1.4M between 2023 and 2024.


CVRPs can save U.K. businesses over £1.5B in processing fees every year.

Plaid has been a pivotal partner to Moneybox, enhancing customers’ choices of payments, which has led to 100% year-over-year transaction growth.
Jay Swanston, Chief Platform Officer, Moneybox