A new way to pre-authorise payments
from bank accounts

What is PayTo?

For business

PayTo is a new, digital way for merchants and businesses to initiate real-time payments from their customers’ bank accounts.

It’s the smart way to do business, with real-time, reliable payments to help business run that little bit smoother:

  • Remove the uncertainty of making and receiving payments from bank accounts with real-time account validation, fund verification, and notifications at various stages of payment
  • See when a payment agreement is paused, changed, or cancelled
  • Reduce the chance of dishonours and disputes

PayTo enables businesses to thrive in a digital economy with fast and secure payments that keep money moving 24/7.

For customers

From phone bills to flights, or your music subscription – PayTo gives you more control over payments from your bank account, to help make life admin that little bit easier. 

PayTo is a fast and secure payment option. Use your bank account to pay your way:

  • The ability to view and manage PayTo agreements in your internet or mobile banking

  • See payments you’ve set up from your bank account in one secure place
  • Choose to use your PayID or BSB and account number,
    making it easy to set up payments on the spot

With PayTo, you will have more visibility and control over your payment arrangements through an enhanced, digital experience. 

PayTo is being developed by New Payments Platform Australia and the financial services industry and is planned to commence rolling-out from mid-2022.