Ep. 53 - From Regulation to Revenue with TrueLayer: How Policy, VRPs & Pay by Bank Are Reshaping UK Payments

In this episode, hosts Grant Evans and Justin Hanna are joined by Nadja Bennett, Strategic Accounts Director, and Megan Coulson, UK Public Policy Lead at TrueLayer, to unpack how regulation, innovation, and commercial reality are finally converging in UK payments.The conversation dives into the original intent behind open banking, what policymakers got right (and wrong), and how the UK has become a global testing ground for Pay by Bank and Variable Recurring Payments (VRPs). From behind-the-scenes regulatory frameworks to real merchant use cases, Nadja and Megan break down what’s actually driving adoption — and what’s still holding it back.They explore where VRPs outperform cards, why merchant incentives matter more than ever, and whether Pay by Bank can truly move from alternative to default payment method. The episode also looks ahead to PSD3, instant payments, and evolving liability models, and what they mean for the next phase of growth.Plus, Nadja and Megan step up for The Payments Shed’s legendary Shelf of Shame — calling out one thing in payments they’d happily banish forever.***The Payments Shed Podcast is headline sponsored by ISX Financial.ISX Financial, delivers a unified ecosystem with multi-currency accounts, online payments,  real-time UK and EU transfers and global mass payouts. Within that platform, PaidBy® provides Pay by Bank with real-time settlement notifications, automated reconciliation and integrated refund management. One partner, one integration — helping your business transact with confidence. Learn more at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.isx.financial⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠***The Payments Shed Podcast is sponsored by Cyclops.Cyclops is a crypto and stablecoin infrastructure platform for payments companies, enabling PSPs, acquirers and processors to offer crypto acceptance, stablecoin settlement and payouts without building their own blockchain stack. It provides a unified solution for pay ins, payouts and fiat to digital asset conversion, with simple API or low code integration. Built specifically for the payments ecosystem, Cyclops focuses on making stablecoins practical, scalable and commercially viable.Learn more at - https://www.cyclops.io/***The Payments Shed Podcast is supported by PCN.PCN is a boutique recruitment agency rooted in Amsterdam, driven by a singular mission: connecting top talent with industry leaders. PCN specialises in five core pillars — Fintech, Cybersecurity, SaaS, E-Commerce, and Salesforce — backed by a global network across borders.⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://teampcn.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠***Disclaimer. Any views or opinions referenced in this podcast episode are our own, or those of our respective guests, and they do not represent any views, opinions, or statements from our respective employers, or those of our guests. Additionally, any views expressed here are not intended as investment, legal, tax, or financial advice.