PayTo is a new service allowing businesses to initiate real-time payments from their customers’ bank accounts. It will arrive in Australia around mid-2022 and Zai is working closely with New Payments Platform Australia (NPPA) to deliver a suite of best-in-class solutions to support it.
PayTo ensures payments will be more efficient and less complicated for businesses and customers and Zai will allow businesses to plug seamlessly into the PayTo service, providing their customers with a revolutionary new way to manage their payment arrangements.
Read our article, Introducing PayTo - Australian payments made better to find out what it’s all about or our interview with Kartina Stuart of NPPA to find out how it all came together.
Real-time account validation
Real-time funds verification
Real-time notification of payment outcomes
API support for seamless processes
Centralised, accessible and secure storage of PayTo agreements
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
Choice of either PayID or a BSB and account number for maximum flexibility