In the UK (a participating SEPA country and former EU member country), variable recurring payments are a new trend in open banking payment methods that could eventually replace SEPA direct debit for automated bill payments. The amount of VRP payments don’t have to be a standard amount and can change over time.  According to Fliss Berridge, the Director and co-founder of Ordo, from an Open Banking UK trends article: “ Open banking makes these payments much smarter, more convenient and efficient – a ‘smart Direct Debit’ if you like. VRPs can be set up in minutes rather than weeks, payment mandate parameters can be changed dynamically, right up to the point of irrevocable payment, meaning businesses and consumers can respond to life events in real time. Payment transfers are in real time, without long processes and paperwork.”