<ul><li>Open Banking Limited will help establish an independent central operator to coordinate open banking-powered variable recurring payments in the UK.</li><li>Adding variable recurring payments to open banking services will give consumers more control over regular payments and businesses more choice in receiving payments.</li><li>The Financial Conduct Authority and the Payment Systems Regulator are working with industry and trade associations to develop commercial arrangements for these payments.</li><li>Open banking in the UK has 10 million active users, up from six million 18 months earlier.</li></ul>

Open Banking Ltd. to Support UK’s Launch of Variable Recurring Payments

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