How the New Payments Platform works

This animation shows what happens when you make a real-time payment between two accounts at participating financial institutions, using a simple to remember PayID.

When payments are sent using a service like Osko by BPAY^TM, which is designed to work seamlessly with PayID, over 99% of payments will be completed in under a minute and most within 15 seconds – providing customers with a quick and easy way to transfer money between accounts at participating financial institutions there from launch.

We are connecting more organisations to the NPP than anyone else – more than half of all those who will be live on Day 1.

Learn more about connecting to the NPP with Cuscal.