NPP Australia: Rolls out PayTo Solution

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Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

NPP Australia: Rolls out PayTo Solution

  • NPP Australia is a wholly-owned subsidiary of Australian Payments Plus and is responsible for maintaining
  • Australian Payments Plus (AP+) was formed to deliver benefits to Australian consumers and businesses by creating a stronger
  • Collaboration with financial institutions, fintech, and payment service providers
  • Katrina Stuart, Managing Director confirmed that the first payment service providers to offer PayTo to merchants
  • The first financial institutions to enable payer customer accounts in the coming months are: BankWest, Bendigo Bank
  • PayTo removes uncertainty from the payment process and takes out inefficiencies such as dishonors and disputes
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