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New Payments Platform

New Payments Platform

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A faster and simpler way to pay and get paid is coming.

Stuck with no money. Get money transferred faster than ever beforeUnity Bank is participating in the New Payments Platform, which will allow Australians to make faster, simpler, smarter payments 24-hours a day, 7 days a week.

At launch, the first phase of the New Payments Platform, which includes Osko by BPAY and PayID will be available to Unity Bank members.  

Benefits to using the NPP

  • Speed. Payments will be made in real-time.
  • 24/7 availability. You can transfer money at any time, any day.
  • Simpler. People will be able to use email addresses, mobile phone numbers or other common information to identify their accounts, rather than BSBs and Account Numbers.
  • Greater information. Much more information can be sent with each payment, rather than be constrained to the current limit of 55 characters.
  • Certainty. When you transfer money using the NPP you will receive confirmation it’s going to the right place.


Once the first phase of the New Payments Platform is available you’ll be able to create a PayID, allowing you to make and receive payments using mobile phone numbers or email addresses without any need to disclose your BSBs and account numbers. There will no longer be a need to remember or ask for BSB and account numbers. This simplified payment process links your mobile phone number and / or email address to your bank account making it quicker and easier to make and receive payments. 

This means it is more important than ever to keep your contact details up to date with us. Please ensure that you log in to Internet Banking to keep your details up to date or contact us directly.


  Frequently asked questions

What is the New Payments Platform?

It’s a brand New Payment Platform that will allow Australians to transfer money from one account to another much more quickly, 24 hours a day, 7 days a week.

Who is behind the New Payments Platform?

Thirteen of Australia’s leading financial institutions, including our payments provider Cuscal, the Reserve Bank of Australia and the big four banks, have joined forces as the NPP Australia (NPPA) to fund, build and govern the New Payments Platform.

When will the New Payments Platform be available?

The industry has a complex and thorough testing regime to complete before a decision is made to make the New Payments Platform, PayID and Osko publicly available. 

How secure is the New Payments Platform?

The New Payments Platform is safe and secure as it is certified to the highest data security standards and monitored 24 hours a day, seven days a week. It also has very high security standards and capabilities that must be met by all connecting participants who are required to be regulated Authorised Deposit-taking Institutions.

What is Osko?

Osko by BPAY is a service built on the New Payments Platform. It will allow people to send and receive real-time payments to or from friends, businesses and the government using a BSB and account number or a PayID linked to their bank account. 

What is PayID?

A “PayID” is a smart address for payments. It links someone’s bank account to a recognisable and memorable piece of information used in everyday life – such as their phone number or email address. A PayID can only be linked to one bank account at a time, but accounts can have more than one PayID. A PayID can be a phone number, email address, ABN.