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What is the New Payments Platform (NPP)?

It can be frustrating waiting up to 3 business days for money to move from one bank account to another when you need to receive money or pay a friend, family member or a business.

Westpac is one of 13 financial institutions to build the New Payments Platform that will help make payments faster and easier in Australia.

  • Fast: You’ll be able to make payments in near real-time, with funds being almost instantly available to the payee
  • 24/7: Fast payments are available between participating banks in Australia 24/7, 365 days a year, including weekends and public holidays
  • Simple: You’ll be able to get paid or send money to someone without having to remember BSB or account details even if they bank with someone else
  • Data-rich: You can include more information with payments – you’ll be able to include 280 characters of text with your payment
  • Secure: NPP payments are subject to Westpac’s own real-time fraud screening and detection capabilities.

Soon you’ll be able to link a PayID to your eligible bank account. We’ll let you know when this becomes available.

Find out more about the New Payments Platform, Osko and PayID