Osko® payments

Transform your payment experience with real-time transactions.

Stay competitive and ahead of industry peers 

As the legacy Direct Entry payments system phases out, more businesses are turning to Osko for fast, real-time payments – ideal for urgent settlements, emergency payments, and timely refunds.

Osko payments with Westpac’s PaymentsPlus ensures beneficiaries receive funds quickly, reducing delays, and improving your cash flow. 

You can begin your journey with small, time-sensitive Osko transactions before completely transitioning away from Direct Entry payments.

Benefits for your business

Speed

Make and receive payments in real-time, ensuring funds are available to the recipient almost immediately.

Security

Use Westpac Verify for greater certainty in who you are paying.

Flexibility

Pay using a BSB and Account number or PayID at any time that is convenient for you without cut-off constraints.

Automation

Integrate PaymentsPlus seamlessly into your systems to deliver real-time payments and confirmations without third-party sites.

Versatility

Process Osko payments efficiently with Payments Plus – submit bulk payments in a single file or make individual payments via API.

Flexible and reliable payables solutions

Osko enabled by Westpac’s PaymentsPlus 

PaymentsPlus is an integrated platform that provides a single consolidated view of all your payables.

Streamline your operations with a range of capabilities and payment methods including Osko, BPAY, RTGS, Direct Entry (EFT) and international payments.

Access to the platform can be done via in-house straight-through processing connectivity, API or a user-friendly browser-based portal. Additionally, enhance the security of payments with the Westpac Verify capability accessed via the portal, API or as a bulk file upload.

  • For in-depth technical details on PaymentsPlus integration options, visit: PaymentsPlus
  • Access the PaymentsPlus sandbox to explore its features and capabilities.

Benefits for your payees

Real-time payments

Significantly reduce waiting periods; quicker access to funds for your suppliers and beneficiaries can enhance satisfaction and trust.

Enhanced payment advice

Facilitate easier tracking and contextual understanding of payments for your payees through their bank statement narratives.

Quick financial relief

Leverage Osko for urgent or relief payments to help make funds available to beneficiaries when they need it most.

Frequently asked questions

How quickly are Osko payments processed?

Payments are processed in real time, 24/7/365, significantly reducing delays associated with bank operating hours and clearing times. Delays may still occur due to technical issues, first-time payees, or security checks.

Are all my payees’ accounts reachable for Osko payments? 

114 million Australian accounts (approximately 95%) are NPP-enabled according to the Australian Payments Plus. Most structured lending accounts and term deposits are not NPP-reachable.

Can I make a payment into a payee’s PayID? 

PayIDs are unique identifiers linked to bank accounts and are only available for NPP payments.  PaymentsPlus enables single or bulk Osko payments using PayIDs.

Things you should know

  • Osko is a registered trademark of BPAY Pty Ltd ABN 69 079 137 518.
  • Westpac Verify through the API or using bulk verify are chargeable add-on services.