You will need a remote server where borg will store the backups. There are hosted, borg compatible solutions available, such as [BorgBase](https://www.borgbase.com).
The backup will run based on `matrix_backup_borg_schedule` var (systemd timer calendar), default: 4am every day.
To backup without encryption, add `matrix_backup_borg_encryption: 'none'` to your vars. This will also enable the `matrix_backup_borg_unknown_unencrypted_repo_access_is_ok` variable.
`matrix_backup_borg_location_source_directories` defines the list of directories to back up: it's set to `{{ matrix_base_data_path }}` by default, which is the base directory for every service's data, such as Synapse, Postgres and the bridges. You might want to exclude certain directories or file patterns from the backup using the `matrix_backup_borg_location_exclude_patterns` variable.