Australian banks roll out New Payments Platform with Osko

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Australian banks roll out New Payments Platform with Osko

Australian banks roll out New Payments Platform with Osko which enables account-to-account real-time payments via e-mail and mobile phone numbers

  • Osko developed by BPAY, is an innovative payment service allows Australians to make and receive faster payments to each other
  • Customers can make payments to each other any time of day, any day of the year
  • According to NPP Australia, more than 60 banks in the country would roll out services to customers
  • In March 2018, there were 100,000 transactions going through Osko daily which has jumped to 400,000 and target to exceed 1.5 million by early 2019
  • Westpac ,ANZ,Commonwealth Bank of Australia (CBA) and National Australia Bank (NAB) are the major clients