About this episode
In today’s episode, Martin speaks with Eline Blomme, who is VP of products at Truelayer. Founded in 2016, Truelayer is a fast growing UK fintech that has become one of Europe’s leading open banking payment platforms. In our conversation, we discuss variable recurring payments, or VRPs for short, which are an important new way to initiate recurring payments via new open banking technology. VRPs offer significant economic as well as social benefits to all stakeholders. VRPs can be used in two different ways — sweeping and non-sweeping. Sweeping enables customers to automatically move money between bank accounts in their name and arrange recurring payments — for example to repay a loan or move funds to a savings account. Non-sweeping use cases include fixed and variable subscriptions, allowing businesses to take payments for things such as energy bills, rental payments and streaming services. Eline explains why VRPs are considered important and what Truelayer is doing to advocate for their wider use.
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Eline is Vice President of Product at Truelayer where she focuses on open banking for the eCommerce segment as well as developing relevant value-added services on top of payments. Eline has been working in the payments industry for almost a decade. Prior to Truelayer, she was responsible for the Digital Commerce product management team at Worldline, which is the largest merchant acquirer and payment processor in Europe and the 4th largest payment player worldwide.
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