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It's here: A revolutionary new way to manage real-time payments

PayTo launch offer


For a limited time - businesses signed up to our PayTo solution will pay nothing for the first 12 months (T&Cs). For more details contact our Sales Team.
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PayTo is a revolutionary new service allowing businesses to initiate real-time payments from their customers’ bank accounts.  It ensures payments will be more efficient and less complicated for businesses and consumers and Zai will allow businesses to plug seamlessly into the PayTo service.
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Read our article, Introducing PayTo - Australian payments made better to find out more.

Customer making a bill payment by BPAY
Efficient and secure

How PayTo benefits businesses

  • Real-time account validation

  • Real-time funds verification

  • Real-time notification of payment outcomes

  • API support for seamless processes

  • Easy reconciliation

  • Notifications

  • Centralised, accessible and secure storage of PayTo agreements

User looking at phone after receiving a notification after making a bill payment by BPAY
Flexible and convenient

How PayTo benefits consumers

  • Fast, secure payment options

  • Greater visibility and control over payments from bank accounts

  • Manage PayTo agreements through internet or mobile banking

  • Secure storage and visibility of all PayTo agreements

  • Porting mandates

  • Choice of either PayID or a BSB and account number for maximum flexibility

Customer using her mobile phone to make a bill payment by BPAY to utility companies

Top PayTo use cases

  • Here are some of the use cases for which PayTo would bring immediate benefit:

  • Repeat

    Companies that want faster payments and less market exposure

    Under the current system, a direct debit takes one to three days to clear. However, even a few hours of delays are massively consequential if, for example, you need to convert currency and send it onwards or fund your market account.

    For example, remittance companies that offer FX exchange often have to go out to the currency market and enter into short-term forward contracts. These hedges are meant to cover market exposure between when the payer’s debited funds hit your market account and when you can execute the conversion.

    With PayTo, the funds can enter your market account and immediately go out for exchange at (close to) the market rate. PayTo vastly shortens the entire remittance process, reducing market exposure and, more crucially, getting the funds to the people who need them.

    Trading, investing and banking apps and other financial services companies are in a similar situation. For users on these platforms, their objective is to trade when they see an opportunity. As stocks and cryptocurrencies trade almost around the clock, being able to fund your account and execute your strategy immediately is a huge benefit of PayTo.

  • Repeat

    Companies that are trying to reduce their reliance on costly credit cards

    Payment cards are a double-edged sword. On the one hand, users love them because they’re convenient and have some layer of security. On the other hand, businesses have to pay a hefty premium to accept them.

    Direct debits in their current form offer an alternative cheaper solution, but they take up to three days to settle and aren’t convenient for the customer.

    PayTo brings together the benefits of both the credit card and direct debit, but offer instant settlement and are a lot cheaper than credit cards. With our current PayTo offer at Zai, you won’t have to pay any fees for 12 months* (except PayTo change management fees).

    It’s also worth noting that PayTo’s centralised mandate depository also improves UX by making it easier for payers to validate a new payment with PayID. This convenient method reduces a lot of the friction associated with the older direct debit system, making the PayTo experience closer to that of a credit card for the end user.

  • Repeat

    Other use cases

    There are many more specific use cases for PayTo, for example:

    • Property technology (proptech) companies that want to collect payments in a faster, more reliable way.
    • Streamline payments for payroll and accounts payable.

Register your interest

* PayTo launch offer terms and conditions

PayTo fees waived for the first 12 months: this offer is applicable to PayTo validation, creation and payment initiation request fees only. The offer does not include PayTo change agreement fees. The 12 months begins upon completion of integration. Merchants eligible for this offer must be integrated to Zai’s PayTo solution before 1 December 2022.The full terms and conditions of this offer will be included in Schedule 2 of the Platform Service Agreement for eligible merchants. Zai reserve the right to vary the terms of, or withdraw, this offer at any time by posting changes online, or by emailing you, and it is your responsibility to refer to and comply with the most up-to-date terms. Your continued use of the solutions after variations have been made constitutes your acceptance of the terms as varied.

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Find out how Zai's best-in-class, API driven solution can help your business access the PayTo service.

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Zai’s services in Australia are provided by Zai Australia Pty. Ltd. (ABN 96 637 632645). In the United Kingdom, Zai Technologies Limited (company no. 14019723), as authorised agent of Payment Card Solutions (UK) Ltd t/a B4B Payments, a company registered in England under number 05941947 - who are authorised by the Financial Conduct Authority to conduct electronic money service activities under the Electronic Money Regulations 2011 (Ref: 930619) - provides UK Zai based activities. Zai’s cross-border payment services are provided by the Currencyfair Group. Currencyfair Limited, holding company of the Currencyfair Group, is regulated by the Central Bank of Ireland, has its registered office at Colm House, 91 Pembroke Road, Ballsbridge, Dublin 4, Ireland and was incorporated in Ireland under Company registration number 469391.Currencyfair Ltd is a Corporate Authorised Representative (No.419450) of Currencyfair Australia Pty Ltd, regulated in Australia by ASIC (AFS Licence No. 402709). Currencyfair Limited is registered with the Financial Conduct Authority (FCA) under the Temporary Permissions Regime (TPR) for the provision of payment services. Registration Number is FRN 522602.Data on Currencyfair website(s) (including pricing data) is protected by database rights. All rights reserved. The information contained on our website is general in nature. Currencyfair has not taken into account your objectives, financial situation or needs. Before acting on these general statements, you should consider the appropriateness of the statements having regard to your situation. Zai recommends you obtain independent financial, legal and taxation advice before making any financial investment decision. Australian Residents - Please consider our Product Disclosure Statement before making any financial decisions. In the US, Currencyfair Limited administers its services on behalf of our banking partner CFSB; Currencyfair users residing in the US should refer to their Terms and Conditions before making any financial decisions. Copyright ©️ 2010 – 2022 Currencyfair Limited. All rights reserved.