Take control of payments from your bank account
PayTo is a fast, efficient, and secure way to digitally pre-authorise payments from your bank account.
The New Payments Platform (NPP) enables banks, building societies and credit unions to support PayTo for their payer customers from mid-2022. Once available, PayTo will roll out progressively, as merchants, businesses and third parties such as fintechs offer PayTo as an alternative payment method.
View and manage payments from your bank account, giving you up to date, real-time visibility of your payments.
An easier way to make payments from your bank account. You can use either a PayID or a BSB and account number, making it simple to set-up a payment on the spot.
Manage your PayTo transactions and agreements within the security of your existing online or mobile banking, enabling you to keep track of your payments from the one place.
PayTo agreements are stored centrally in a secure and encrypted database managed by NPP Australia, the organisation that operates and oversees the New Payments Platform.
The initial step is to pre-authorise a PayTo agreement. This agreement contains the payment terms agreed between the payer customer and the business or merchant.
Among other uses, PayTo could be used as a fast and efficient alternative to the current direct debit system. It supports a range of different payment types, including fixed or variable payment amounts and payment frequencies.