- 04 Sep 2023
How fast is the New Payments Platform?
Cuscal is proud to be one of the financial institutions bringing the New Payments Platform (NPP) to Australia.
This video demonstrates just how fast a payment on the New Payments Platform is. It shows a live payment between an account at Teachers Mutual Bank account and SCU, using a mobile phone number as a PayID instead of a BSB and account number.
Using Osko® on the New Payments Platform, over 99% of payments will be completed in under a minute, most within seconds – giving people a quick and easy way to transfer money between accounts at participating financial institutions.
We are connecting more banks, credit unions and building societies to the New Payments Platform than anyone else – more than half of those using the NPP from day 1.
Learn more about connecting to the NPP with Cuscal.
- 15 Jun 2023