FLEXIBLE & VARIABLE
From phone bills to flights, or your music subscription – PayTo will give you more control over payments made directly from your bank account, to help make ‘life admin’ that little bit easier.
PAYTO
Get to know PayTo
PayTo launched in 2023, and will be a new way for payer customers like you to pre-authorise real-time payments to sellers and merchants directly from your bank accounts. A bit like a flexible, variable, instant direct debit.
INSTANT, FLEXIBLE DIRECT DEBITExplore the NPPA
So, what actually is PayTo?
PayTo is a new payment method being developed for Australia by New Payments Platform Australia [NPPA]–the same organisation that created PayID. The NPPA is a vital piece of national infrastructure that enables real-time payments for Australia’s digital economy.
PayTo is not an app. You will simply see it appear as a payment method at online check-outs alongside familiar methods like credit cards, debit cards, BPAY, buy-now-pay-later brands and others.
PayTo transactions will be paid directly from your bank account in real time, and instantly land in the merchant’s bank account.
A better way to pay
A better way to pay
VISIBILITY & CONTROL
PayTo agreements with merchants can be pre-authorised within your usual internet or mobile banking app, where ongoing PayTo agreements can also be paused, resumed or cancelled.
SMARTER & FASTER
PayTo gives consumers more visibility of their agreed payment commitments [bills, subscriptions and purchases] from their bank accounts, and will eliminate the friction points of traditional direct debit.
Recurring Payments
PayTo’s real-time account validation, available funds verification, and notifications at various stages of every payment remove the uncertainty of traditional direct debit. Say goodbye to payment failures and dishonour fees.
Single Purchase
PayTo will revolutionise direct debit payment initiation. But it’ll work for more than recurring payments. It can be used for single payments and purchases, too.
Better for merchants and their customers
PayTo will enable merchants and businesses to initiate [or ‘pull’] real-time payments from their customers’ bank accounts. It is set to modernise the way customers’ bank accounts are used for payments.
With PayTo, you will have more visibility and control over your payment arrangements through an enhanced, digital experience within the security of your existing online or mobile banking.
