AusPayNet and Australian Payments Plus begin public consultation to shape the next phase of account-to-account (A2A) payments and drive innovation across Australia’s payment ecosystem.
Highlights:
AusPayNet and Australian Payments Plus (AP+) have launched a public consultation to gather feedback on modernizing account-to-account (A2A) payments in Australia.
The consultation will help define priorities for faster, more secure, and more competitive payment services, including the future role of the New Payments Platform (NPP).
This initiative aims to position Australia as a global leader in payment innovation while meeting evolving customer and business needs.
Summary:
AusPayNet and Australian Payments Plus (AP+) have announced a joint public consultation on the future of Australia’s account-to-account (A2A) payments. The effort seeks input from banks, fintechs, businesses, and consumers to shape a roadmap for faster, safer, and more efficient A2A transactions.
Key topics include optimizing the New Payments Platform, reducing friction in payments, and enhancing competition. The consultation underscores Australia’s commitment to modernizing its payments infrastructure to better serve both consumers and merchants in an increasingly digital economy.
