Realtime Payments Goes Live in Australia

Australia’s realtime payments platform is live today.

Right now, New Payments Platform (NPP) will enable customers of three of Australia’s major banks: Commonwealth Bank, National Australia Bank and Westpac,
to send money through a service called PayID.

The realtime payments was first piloted in November between employees of Australia’s 13 major financial institutions.

The platform, which live with only four banks, will gradually be rolled out to the remaining FIs in the initial pilot as well as 50 other bodies.

Read more on The Australian and Finextra. 

To learn more about the latest developments in P2P payments and mobile banking, join us on March 5-6, 2018 at the Parc 55 in San Francisco for Bank Innovation 2018. Click here to request an invitation.