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Why should customers care about the New Payments Platform (NPP)?

The New Payments Platform provides faster payments as it allows people to:

  • make payments in near real time. 
  • transfer money any time of day or night. 
  • include more information in the payment description (up to 280 characters). 
  • address payments using easy to remember information instead of bank account details e.g., mobile phone numbers or email addresses.