Australia · Account Transfer · Est. 2018
Australia's New Payments Platform is a real-time clearing and settlement infrastructure with the Osko overlay service for consumer-facing instant transfers. PayID lets users receive money via phone number, email, or ABN instead of BSB/account numbers. Built on ISO 20022 messaging from day one, NPP supports rich data payloads and is governed by NPPA with 100+ participating financial institutions. Note: NPP data includes all overlay services (Osko, PayTo, and other mandated payment services) — not just real-time consumer transfers.
NPP is Australia’s real-time payment system (Account Transfer), launched in 2018. Australias New Payments Platform is a real-time clearing and settlement infrastructure with the Osko overlay service for consumer-facing instant transfers.
NPP processed 18.6 billion transactions worth $1.2tn in 2025, a year-on-year change of +6.8%.
NPP is operated by NPPA, with instant settlement.
NPP launched in 2018, and today has 100 participating institutions.
NPP supports proxy/alias lookup, request-to-pay, ISO 20022 messaging.
Data source: RBA.
| Capability | Status |
|---|---|
| QR Code Payments | — |
| Wallet Support | — |
| 24/7 Availability | ✓ |
| Cross-Border | — |
| ISO 20022 | ✓ |
| Request to Pay | ✓ |
| Open API | ✓ |
| Alias/Proxy | ✓ |