Great Southern Bank has implemented access new payments technology PayTo to give customers a digital alternative to direct payments.
The adoption and average of real-time payments in Australia, such as Osko and PayID, have more than doubled in the last 12 months, a report by the fintech solutions provider FIS has found.
Payments provider BPay claims more $20 billion has been transferred through its Osko payment platform — which allows the transfer and receipt of money instantly — since its launch earlier this year, with Osko now available via online banking with banks and financial institutions.
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