This video gives a simple introduction to the overlay services which will accompany Australia’s New Payments Platform (NPP), explaining what they are, why they’re important and how they might benefit businesses and consumers.
While the NPP infrastructure will make real-time payments possible, what will really make the NPP come to life is the range of overlay services that will be built on top of it.
From day 1, the NPP’s first overlay service will allow:
In the future, the possibilities for overlay services are nearly limitless. They may be able to solve payments pain points like invoicing or buying or selling a second-hand car.
