New Payments Platform
How does PayID make payments simpler?
Three ways PayID makes life easier for your customers: PayIDs are easier to remember than BSBs and account numbers. It is easier to share a PayID with other people. If...
Why customers care about the NPP?
The New Payments Platform provides faster payments as it allows people to: make payments in real-time. transfer money any time of day or night. include more infor...
What is the New Payments Platform?
The New Payments Platform is Australia’s new real-time payments system. It automates payments, allowing them to move quickly between accounts at different financial in...
How does the NPP work?
Watch our video to see that shows a real-time payment between two accounts at participating financial institutions, using a simple to remember PayID.
What is the Mandated Payment Service?
The Mandated Payment Service (MPS) is foundational capability included by NPP Australia (NPPA) in the roadmap to extend and enhance the New Payments Platform (NPP). Th...
When will the Mandated Payment Service be available?
Participating financial institutions are required to have completed the technical and operational process upgrades required to support the Mandated Payment Service (MP...
How fast is an NPP Payment?
A payment made using NPP is faster as funds are available to the payee within 15 seconds (95% of the time) and within 60 seconds (99% of the time). Watch this video ab...
What is PayID?
PayID is a smart address for payments, created by linking your customer’s financial account to a recognisable and memorable piece of information they use in everyday l...
What is Osko?
Osko by BPAY™ is a payment service which allows Australians to make and receive payments faster than ever before, via any participating bank. With Osko®, you can inclu...