Central Banking

Australia’s real-time payment system goes live to the public

mobile-payments

Australia has joined the exclusive real-time payments club, following the launch of the New Payments Platform Australia (NPPA) initiative today (February 13).

Self-described as “the most modern payments system in the world”, the new platform went live at 12:01 local time, allowing consumers to transfer money instantly between accounts at different financial institutions, 24/7.

Australia joins the ranks of Japan – the first to launch real-time payments in 1973 – and 17 other countries that

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: