- 04 Sep 2023
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 BPAYTM, 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.
- 15 Jun 2023