Australia’s payments system is transforming as consumers, businesses and government agencies increasingly move to real-time, data-rich digital payments.
The Government’s Strategic Plan sets a clear vision for modernising account-to-account payments, and momentum continues to grow.
The NPP is central to this modernisation, helping businesses and government agencies boost productivity, improve cash flow and strengthen protections against financial crime. According to the RBA’s latest Retail Payments data, in the 12 months up to October 2025, 1.82bn transactions were processed through the NPP, a near 14% uplift year on year. “Real-time payments have become part of everyday life in Australia, with one in three payments now processed via the NPP,” said Lynn Kraus, CEO of AP+. “As adoption grows, fast, efficient, secure payments via the NPP are becoming a cornerstone of a modern and competitive Australian economy.”
Increasingly, businesses and government agencies are choosing the NPP because they recognise its value. According to research from Coalition Greenwich, nearly a third of large corporates already have a plan to transition their payments to the NPP*.
The NPP is well positioned to support Australia’s digital transformation and major government reforms such as tax 3.0 and payday super, which require reliable, real-time data rich payment rails.
AusPayNet has updated timing considerations for the decommissioning of BECS. While large-scale transitions take time, Australia’s move to real-time, data-rich payments is already well advanced.
“Modernising Australia’s payments system is a shared commitment across government and industry,” said Kraus. “AP+ will continue working with our partners to support a confident transition to a modern payments system that improves efficiency, elevates customer experiences and positions Australia for a digital future.”
* Coalition Greenwich Voice of Client 2025 Australia Large Corporate Transactional Banking Study. Includes businesses with over $500mn annual turnover in the Australian market.
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