Public Interest Framework for a Successful Account-to-Account Payments System July 2025

This RBA paper provides a conceptual framework for a successful account-to-account payments system that serves the public interest. This analysis has been undertaken to underpin the work by the industry, together with the RBA and Treasury, to develop a vision and plan for the future of the account-to-account payments system.

Central to the success of the future system is its ability to provide all end users with access to payments options that are capable of meeting their needs, and that are cost-effective, reliable and safe. Achievement of these objectives will require effective industry governance arrangements, resilient infrastructure and competition and innovation among participants.