G&C Mutual Bank is pleased to be on board as a participating financial institution for the roll out of New Payments Platform (NPP) when it is launched early in 2018.
Overview on New Payments Platform
G&C Mutual Bank members will soon be able to make and receive payments in real time, 24/7 through a new fast payments service called the ‘New Payments Platform’ (NPP). Members will no longer need to use a BSB and bank account number to get paid or to pay someone. NPP will make getting paid or paying someone a lot easier, faster & simpler through the use of a unique identifier, or ‘PayID’. It's a great way for friends to split the bill at lunch, transfer money to a family member or pay a tradesman at home.
The first innovative product delivered via the New Payments Platform will be Osko® by BPAY. It will be a convenient and accessible service for members to send payments from an account at G&C Mutual Bank, 24/7/365, to payees using easy-to-remember addresses such as a mobile phone number or email address, with fast availability of cleared funds, rich data and confidence in delivery.
Click here to read important FAQs on NPP
If you would like to more information on New Payments Platform, please contact us on
1300 364 400 or email email@example.com