Your partner for real-time payments

Australia is undergoing a once-in-a-generation payments revolution, are you ready?

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Why choose Westpac?

Real-time payment foundations

  • We’re a digital leader in developing payment channels, including PaymentsPlus for payables and QuickStream for receivables, to integrate with real-time payment capabilities at your own pace.

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.

Making payments faster, smarter and more secure

We’re ahead of the game with the expertise, implementation track-record, and the technology to help customers unlock the benefits and competitive advantage of real-time transformation.

Speed of transactions

On the New Payments Platform (NPP), Australia's fast payments infrastructure, offering real-time clearing and settlement.

Customer-centricity

Meet your customers where they want to be met. Consumers increasingly expect secure and instant payments.

Operational efficiencies

Gain control and leave behind the cost and risk of legacy and manual payments.

24/7 visibility

Access rich data at any time for unparalleled transparency and insights on your financial position.

Manage your payments and receivables on these channels

QuickStream

Manage your receivables, including card payments, Direct Debits, NPP PayTo, digital wallets and EFT matching, in one place. QuickStream adapts to both small businesses and large enterprises, including major government entities, with configurable options.

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PaymentsPlus

Manage your payables, including Batch Direct Entry, BPAY, NPP Osko, RTGS, and OTT, in one place. Verify in PaymentsPlus helps ensure you’re paying who you mean to pay, minimises scam losses, and optimises new account setups. 

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PayWay

Westpac PayWay helps to simplify and secure your payment processes, offering multiple channels like Credit Card, Direct Debit, EFT matching, BPAY®, digital wallets and PayPal® to help enhance customer convenience and improve cash flow.

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QuickSuper

Make your employees’ superannuation contributions to multiple superfunds in one click. The introduction of NPP Osko, allows for real time confirmation that your payment has matched your contribution.

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Real-time capabilities and features available on our channels

Osko for single and bulk payments

Make real-time, single or bulk payments 24/7 to any Osko-enabled account using BSB, account number, or PayID. Submit payments via a portal, file upload, or PaymentsPlus API and receive real time confirmation of payment receipt.

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PayTo for corporates

Our flexible PayTo solution on QuickStream offers a cutting-edge payment experience, enabling digital, real-time transactions directly from your customers' bank accounts. 

More on PayTo

PayID Biller for corporates

Provide your customers with control and convenience via real-time push payments. Helping improve cashflow for your business with easier reconciliation and streamlined refund capability.

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Dynamic Virtual Cards (DVC)

Westpac’s Dynamic Virtual Card capability is a secure, convenient way to get funds to employees for incidental expenses and to process supplier payments.

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Our real-time readiness assessment will get you started.

Whether you’re making the first move towards real-time payments or already on the way, ask us how you can meet disruption with innovation to realise real-time value.
 

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Payment trends: Towards real-time treasury management

April 29 2025 5 mins

The real-time payments revolution is moving at speed. Australian consumers – already world leaders in the uptake of digital payments – are following on strongly with enthusiastic adoption of real-time payments.

Are you ready for the real-time payments revolution?

February 28 2025 6 mins

By adapting early to real-time payments, Australia’s largest corporations will stake a competitive advantage and enjoy the benefits of improved customer-centricity and operational efficiency.

Payments: Building the future of banking in real-time

November 20 2024 7 mins

Banks are moving fast, embedding new technologies to embrace the push to real-time payments that’s coming from customers, regulators, payment schemes, and new competition within Australia and across the globe. The impact is transformational and will provide better outcomes for both consumers and large institutions.

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.