From One-Off Transactions to Intelligent Payments: The Evolution of Open Banking with VRP

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Discover how Open Banking is evolving from Pay-by-Bank to intelligent, automated payments with VRP.

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Open Banking began as a response to the European Union’s PSD2 regulation, designed to increase competition and innovation in financial services. Open Banking enabled third-party providers to introduce new payment solutions, such as Pay-by-Bank. VRP is an Open Banking innovation designed to address these gaps by automating payments while maintaining transparency, security, and user control.