In the ever-evolving world of financial services, innovation driven by consumer demand and Australian-mandated obligations continue to be the driving force pushing our businesses forward. The PayTo initiative is a key part of the New Payments Platform (NPP) that is set to modernise direct debits, provide an alternative to card payments, and give customers greater […]
The NPPA looks to ensure quality and security for the New Payments Platform through the NPP Mandatory Compliance Framework.
Since the launch of the New Payments Platform (NPP) in early 2018, the payments industry has collectively made over 55 million accounts accessible to NPP payments, registered more than 2.8 million PayIDs and continue to make 500,000+ NPP transactions on a daily basis. In addition to the new payment stream gaining steady momentum, the NPPA will be sharpening their strategic focus for the near future on the back of critical findings commissioned by the RBA. […]
The NPPA have been busily collaborating with NPP Participants to implement additional functionality on top of the standard NPP payment offering – Consent and Mandate Service (CMS). […]
This week marks one year from the launch of the New Payments Platform (NPP) in Australia, and its first overlay service, Osko, which delivered the ability […]