FULL LIST: Financial institutions partnering with the New Payments Platform

Alison Banney 13 February 2018 NEWS

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Is your bank planning to offer real-time payments using PayID? Find out below.

The New Payments Platform (NPP) has officially launched today following months of speculation over its planned launch date. The world-class payments infrastructure is set to revolutionise the way Australians transact, facilitating real-time, data-rich transfers between customers of different financial institutions.

More than 60 banks and credit unions have already partnered with the NPP and are planning to offer real-time payments to customers via PayID and Osko. CommBank was the first major financial institution to offer the service to customers from today, with Westpac and NAB both confirming they will be staging the roll-out in the coming weeks. ANZ has confirmed it is still undergoing testing and has not confirmed when it will offer the service to customers, but it will also likely be in the coming weeks. Dozens of mutual banks and credit unions under Cuscal also launched PayID via Osko to customers today.

See a full list below of the Australian financial institutions which plan to bring customers over to the NPP and enable real-time payments via PayID and Osko in the coming months, including which have already launched the service.

Financial institutionPayID with Osko status
ANZCurrently in testing, coming soon
Australian UnityAvailable now
Adelaide BankAvailable in coming months
Bank AustraliaAvailable now
Bank of MelbourneAvailable in coming months
Bank SAAvailable in coming months
Bank FirstAvailable now
Bank VICAvailable now
Bank of usAvailable in coming months
BankwestAvailable in coming months
Beyond Bank AustraliaAvailable now
BCUAvailable now
Big Sky Building SocietyAvailable now
Bendigo BankAvailable in coming months
Bankstown City BankAvailable now
CommBankAvailable now
CitiAvailable in second half of 2018
The CapricornianAvailable now
Central Murray Credit UnionAvailable now
CoastlineAvailable now
Catalyst MoneyAvailable now
Community FirstAvailable now
Credit Union SAAvailable now
CUAAvailable now
Customs BankAvailable now
Defence BankAvailable now
DnisterAvailable now
Easy Street Financial ServicesAvailable now
Endeavour Mutual BankAvailable now
Family First Credit UnionAvailable in coming months
First Option Credit UnionAvailable now
Ford Co-operative Credit SocietyAvailable in coming months
Firefighters Mutual BankAvailable now
Greater BankAvailable now
G&C Mutual BankAvailable now
Goulburn Murray Credit UnionAvailable now
HSBCWill not be available in 2018
Heritage BankAvailable in coming months
Hume BankAvailable now
Illawarra Credit UnionAvailable now
INGAvailable now
imb BankAvailable now
LLL BankAvailable in coming months
The macAvailable now
The MutualAvailable in coming months
MENo launch date announced yet
MOVEAvailable now
MyStateAvailable now
NABAvailable now
Northern Inland Credit UnionAvailable now
Nexus MutualAvailable now
Newcastle PermanentAvailable now
Orange Credit UnionAvailable now
P&N BankAvailable now
People's Choice Credit UnionAvailable now
Police BankAvailable now
Police Credit UnionAvailable now
Queensland Country Credit UnionAvailable in coming months
QBANKAvailable now
Regional Australia BankAvailable in coming months
Reliance BankAvailable now
RACQ BankAvailable in coming months
Comtax Credit UnionAvailable now
SCUAvailable now
South West Credit UnionAvailable now
SWSCUAvailable in coming months
St.GeorgeAvailable in coming months
The RockAvailable now
Teachers Mutual BankAvailable now
UniBankAvailable now
Unity BankAvailable now
Warwick Credit UnionAvailable now
WAW Credit UnionAvailable now
WestpacWill roll out in coming weeks

PayID with Osko (developed by BPAY) will enable you to use a unique, easy-to-remember ID for your bank account to replace your BSB and account number. For example, if someone needs to send you money, you can simply give them your PayID. Your PayID will be something unique to you, like your mobile phone number or email address. When your bank has launched PayID to customers, it will invite you to register for your PayID via the Internet or mobile banking.

To learn more about the NPP and how it will benefit you, check out our comprehensive guide here.

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