OPEN BANKING AT MPE 2022

Open Banking is exploding globally, and Variable Recurring Payment (VRP) is the first step toward Open Finance and the Open Banking World.

The UK market is seen as a leader in Open Banking Infrastructure.

Right now, the UK Competition and Markets Authority (CMA) requires the UK's big nine banks to build their VRP API for sweeping by July 2022, enabling consumers to apply VRPs when making me-to-me payments.

MPE 2022 conference brings you the "Video Interview" with Merchant Payments Ecosystem Leaders & Influencers exploring the first lessons from VRPs rollout in the UK.

?David Parker, CEO of Polymath Consulting, interviewed:

• Hakan Eroglu, Global Open Data & Open Banking Lead for Data & Services,?Mastercard,?and
• Alexandra Bloomfield,?Payments Industry Specialist,?BT Group

?to get their perspectives on?developments in VRPs and Open Banking in the UK

• What are the lessons learned from VRP rollout and implementation so far?
• What needs to be done to improve the customer experience and take up?
• How are we going to get consumers to feel secure and safe?
• And if there is a need for VRP's guarantee service?