FAQs

What is the New Payments Platform (NPP)?

The New Payments Platform is a centralised platform that facilitates real-time clearing and settlements of payments between participating Australian financial institutions.

Westpac is one of over 60 Australian financial institutions connected to the New Payments Platform. It’s a fast, simple and smart way to move money in Australia.

The first two services introduced on the NPP areOsko (near-real time payments) andPayID (easy to remember identifier - such as a mobile number - that links to your account).  

Find out more about the New Payments Platform, Osko and PayID

Find out more about the New Payments Platform, Osko and PayID for Business customers