Australia's New Payments Platform, or NPP, is always-available infrastructure for fast, data-rich account-to-account payments. Participating institutions use it to offer services that can move Australian-dollar payments and supporting information in near real time.
The NPP is infrastructure rather than a single identical bank product. Features, limits, addressing options and business workflows depend on the participating institution and service used.
Using NPP services in accounts payable
- Check the recipient account or approved addressing method through the sending institution.
- Pass a useful remittance reference so the recipient can match the credit to an invoice.
- Separate submission, confirmation and reconciliation records even when the transfer is fast.
| Checkpoint | What finance should confirm |
|---|---|
| Availability | Designed for continuous payment processing. |
| Data | Supports richer payment information than a basic account credit. |
| Access | Businesses connect through products offered by participating institutions. |
New Payments Platform (NPP) compared with nearby terms
NPP does not mean every payment is irrevocable under every circumstance or that every account has the same limit. The provider's service terms and status evidence govern the customer transaction.
Related definition: BECS.
Source and business-payment context
Reserve Bank of Australia: NPP policy
For cross-border supplier payments, compare the rail, currency conversion, fees and recipient requirements before release. See Quotable Payments and international vendor payments.
