Bank on file, next-generation recurring payments
Create fixed or variable payment experiences that maximise customer lifetime value,
all while cutting operational costs.
Pay securely from your bank app - no card needed. Learn more
Set up complete
The future is now, what are you waiting for?
As of early 2026, the availability of Variable Recurring Payments (VRPs) will expand to an even wider range of use cases. This means you can now level-up your payment journeys for investments, pensions, utilities and ticketing - as well as traditional sweeping use-cases.
VRP's unlock seamless, flexible Bank on file experiences, removing your reliance on traditional payment methods like cards or Direct Debit.
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Leading the next wave of recurring payments.
At TrueLayer, we’re not just using the next wave of payment technology; we are creating it. We work closely with regulators and partners across the industry to push the boundaries of VRP technology, shaping a more innovative and resilient payments ecosystem for everyone.
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Use-cases for any industry
Subscriptions
Bank on file subscriptions do things differently for your customers. We’ve made them easy to set-up, highly visible, and easy to cancel. So simple, flexible payment plans are now the new normal.
Money management
Whether customers are saving, repaying loans or topping-up accounts, we’ve sped up the process while keeping it simple. Our seamless API moves funds in real-time and deposits immediately.
One click
With long-living mandates we can simplify payment experiences to a gratifying ‘one-click’, which customers love using. Conversion rates go up and customers keep coming back.
Split payments
You can now cost-effectively offer customers the opportunity to spread their payment into multiple instalments. That’s good for business and a great customer experience too.
The new normal for merchants
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No missed-payments
Card payments will fail due to lost or expired cards. Bank on file connects straight to your customer's bank account, guaranteeing less frustration for them and no missed payments for you.
Exceptional conversion
Traditional recurring payments are painful for customers to set up. Bank on file saves customers time by removing manual data entries, and verifying ID in one simple first-payment experience, transforming conversion rates.
Flexible payments
Bank on file gives customers the checkout choice they want. From fixed plans to variable payments, you get to give your customers the freedom to organise the best plan for them.
Lower costs
We eliminate dependencies on cards, bringing you efficient alternatives to card-on-file setups. Bank on file subscriptions and split payments cost less per transaction, and you can prevent failures by confirming customers have funds before taking payment.
The integration with TrueLayer was faster than the lastminute.com team expected.
Read the case studyNicola Bettari,
Fintech and Payments Director
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We decided to work with TrueLayer based on the quality of the team and the capability they possess.
Read the case studySheraz Dar,
CEO
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Our integration partner was always highly available and responsive, always keen to jump on a call whenever we had an issue.
Read the case studyAndrew Witzenfeld,
CTO
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A next generation experience for your customers too
Easy to set up
With smart engineering and beautifully designed user experiences, we give your customers a refreshingly simple setup experience. We cut out the manual input time associated with traditional recurring payments.
Easy to manage
Customers are wary of 'subscription traps,' where details are hard to see or cancel. Our payment plan details are highly customisable in customer bank apps, helping them take control of budgeting decisions.
Increased security
Bank on file does not depend on cards. So the associated fraud risks are much lower. And through open-banking, biometric security is seamlessly integrated into a simple sign-up process.
Built in protection
Both Variable Recurring Payments and Direct Debit technology offer built-in merchant and customer protections. This means customers feel reassured that funds will not be taken in error, helping build confidence.
Join Europe’s leading Pay by Bank network
Powerful add-ons keep your business nimble
Turbocharge your business operations and build brand equity with tools and data that help you know your customer, streamline experiences and give you real time visibility of transactions.
User Incentives
Pay by Bank boosts business. Research shows more than 80% of customers would try Pay by Bank with a compelling reward.
Learn more
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Pay securely from your bank app - no card needed. Learn more
Recurring Payments integrate effortlessly
We’ve made integration with Recurring Payments as simple as it can be. Our powerful single API can be installed in minutes and you can be up and running in no time.
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Talk to us
Want to learn more?
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What the financial services industry needs to know about VRP changes
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The complete guide to Pay by Bank: what is it and how does it work?
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Why 2025 is key for Pay by Bank and VRP: everything merchants need to know