Real-time payments
Australia is undergoing a once-in-a-generation payments revolution, are you ready?
Why choose Westpac as your real-time payments partner?
Real-time payments foundations
We’re a digital leader in developing payment channels, including PaymentsPlus for payables and QuickStream for receivables.
Rapid adoption support
Quick and easy-to-integrate access to existing and emerging capabilities allows early adoption for a competitive edge.
Empowering your people
We have deep implementation experience to help you realise change benefits.
Continuous innovation
Our PayTo, Dynamic Virtual Card and Westpac One capabilities are helping reshape real-time payments to enable businesses to create value.
”57% of Australian business intend to transition to real-time payments within the next 3 years.”
– Westpac and Nielson, The State of Real-Time Payments in Australia
Real-time payments in action
Explore the ways we're helping Aussie businesses experience real benefits.
Greater operational efficiency
By shifting billing from Direct Debit to PayTo®, BPAY to PayID® Biller and disbursements from Direct Entry to Bulk Osko®, we’re helping utilities, government agencies, and more replace multi-day processing and manual exception handling with real-time, automated workflows.
Improved customer experience
From Super members and employees to suppliers and customers, we’re helping businesses improve the speed and confirmation of payments, for faster service outcomes and greater satisfaction.
Actionable cash flow visibility
By moving from end-of-day to real-time settlement of funds, we’re helping businesses access working capital sooner and make decisions based on real-time data, not just projections.
Support every step of the way
We want to embed lasting benefits in your business – using readiness assessments to find best-fit solutions, plus developer toolkits and dedicated local support to speed up implementation.
Solutions for all kinds of business
No matter your organisation's tech capabilities, we have real-time payment solutions that will deliver results while respecting how you operate.
Event-ready businesses
Your business has high payment volumes and mature technological capabilities – meaning it’s API-capable or has plans to be, and already relies on automated systems in other areas.
Batch-based businesses
Your business has structured finance processes in place for batch-based payments and mid-level tech maturity – preferring to use file-based uploads rather than API-driven systems.
Hands-on businesses
Your business processes a lower volume of payments and uses minimal IT resources to do so – opting instead for manual or portal-based methods of making and accepting payments.
Find the right solution fast
Powerful, real-time payment pairings
Our real-time payment solutions are designed to work in tandem with our in-house platforms, so managing payments is simpler than ever.
Real-time payment insights for you
Ready your business for Australia’s payment revolution with industry-leading insights, inspiring case studies, and detailed reports.
New survey finds early winners in the real-time revolution
An independent Nielsen report finds corporate Australia’s trailblazers in the shift to real-time payments may steal the competitive edge.
Get ready for Payday Super
The countdown is on for Payday Super and it’s time for super funds and employers to upgrade processes and prepare for the real-time regime. Here’s what you need to know.
Things you should know
Westpac Institutional Bank is a division of Westpac Banking Corporation ABN 33 007 457 141 AFSL 233714 (Westpac). These products and services are available only to wholesale clients within the meaning of s761G of the Corporations Act 2001. You should consider whether or not these products and services are appropriate for you. Terms and conditions apply.
This information has been prepared without taking account of your objectives, financial situation or needs. This material may contain material provided by third parties. The information is subject to change without notice and none of Westpac or its related entities is under any obligation to update the information or correct any inaccuracy which may become apparent at a later date.