VRP (variable recurring payment) is a new Open Banking payment method that allows recurring payments of variable amounts from a bank account. It offers benefits over direct debit like faster settlement and more payment flexibility. VRP can be used for sweeping funds between accounts, subscription payments, bill payments, and more. While initially mandated only for sweeping, VRP has the potential for many other use cases that could generate new revenue streams. Ecosystem players should explore commercial opportunities and work together to develop VRP standards and address risks.