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New Payments Platform
The New Payments Platform (NPP), owned and operated by New Payments Platform Australia Ltd (NPPA) is a national industry-wide real-time payments platform for Australia. As of April 2025, there are over 25 million registered PayIDs.
In 2021, NPP Australia became a wholly owned subsidiary of Australian Payments Plus (AP+) after the ACCC authorised the amalgamation with BPAY Group and eftpos.
The new instant payment platform for real-time low-value payments was in response to the Reserve Bank of Australia's Payment System Board's Conclusions to the Strategic Review of the Innovation in Payments System publication. The NPP was announced in July 2013 by the Australian Payments Clearing Association. In December 2014, the Program proceeded to the third phase: "design, build and test." In 2015 a contract was signed with SWIFT to design, build and operate the platform.
It took approximately 6 years to implement and became accessible to the general public on 13 February 2018 with the introduction of PayID, an addressing capability, and Osko, the first NPP overlay service, operated by BPAY.
In September 2021, the Australian Competition & Consumer Commission (ACCC) authorised a proposed merger of the New Payments Platform of eftpos Payments Australia and BPAY.
The Mandated Payment Service is now known as PayTo. It is a system for enabling "withdrawals" on the NPP whereby businesses to initiate real-time payments from a customers’ bank account. The NPP does not inherently support "withdrawals", so the service provides an overlay allowing the "withdrawing" party to create a payment order and authorisation request. . PayTo can also be used by third parties to conduct payments on behalf such as for corporate payroll and accounts payable.
PayID is NPP's addressing service to enable payments. Its PayTo facility allows for payments to be sent by a user to a PayID. The following chart compares PayID mobile payments via NPP to electronic payments, or bank transfers.
PayID will coexist with the BSB and account number addressing scheme.
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New Payments Platform
The New Payments Platform (NPP), owned and operated by New Payments Platform Australia Ltd (NPPA) is a national industry-wide real-time payments platform for Australia. As of April 2025, there are over 25 million registered PayIDs.
In 2021, NPP Australia became a wholly owned subsidiary of Australian Payments Plus (AP+) after the ACCC authorised the amalgamation with BPAY Group and eftpos.
The new instant payment platform for real-time low-value payments was in response to the Reserve Bank of Australia's Payment System Board's Conclusions to the Strategic Review of the Innovation in Payments System publication. The NPP was announced in July 2013 by the Australian Payments Clearing Association. In December 2014, the Program proceeded to the third phase: "design, build and test." In 2015 a contract was signed with SWIFT to design, build and operate the platform.
It took approximately 6 years to implement and became accessible to the general public on 13 February 2018 with the introduction of PayID, an addressing capability, and Osko, the first NPP overlay service, operated by BPAY.
In September 2021, the Australian Competition & Consumer Commission (ACCC) authorised a proposed merger of the New Payments Platform of eftpos Payments Australia and BPAY.
The Mandated Payment Service is now known as PayTo. It is a system for enabling "withdrawals" on the NPP whereby businesses to initiate real-time payments from a customers’ bank account. The NPP does not inherently support "withdrawals", so the service provides an overlay allowing the "withdrawing" party to create a payment order and authorisation request. . PayTo can also be used by third parties to conduct payments on behalf such as for corporate payroll and accounts payable.
PayID is NPP's addressing service to enable payments. Its PayTo facility allows for payments to be sent by a user to a PayID. The following chart compares PayID mobile payments via NPP to electronic payments, or bank transfers.
PayID will coexist with the BSB and account number addressing scheme.