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RBA Glossary definition for NPP

NPP – New Payments Platform

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The Evolving Retail Payments Landscape

28 Sep 2022 PSB Annual Report – September 2022
At the same time, there has been increased uptake of the NPPs PayID service. ... The NPPs new PayTo service is expected to accelerate this migration of direct entry payments.
https://www.rba.gov.au/publications/annual-reports/psb/2022/the-evolving-retail-payments-landscape.html

Banking and Payment Services

17 Oct 2019 RBA Annual Report – 2019
Since then, the number of outward NPP transactions processed by the Bank has averaged around 20,000 per month. ... The Fast Settlement Service (FSS) is a RITS real-time settlement service that supports the operation of the NPP.
https://www.rba.gov.au/publications/annual-reports/rba/2019/banking-and-payment-services.html

Abbreviations

20 Sep 2018 PSB Annual Report – 2018
Memorandum of Understanding. NPP. New Payments Platform. NPPA. NPP Australia Limited.
https://www.rba.gov.au/publications/annual-reports/psb/2018/abbreviations.html

Abbreviations

15 Oct 2020 PSB Annual Report – 2020
MTO. Money transfer operator. NPP. New Payments Platform. N PPA. NPP Australia Limited.
https://www.rba.gov.au/publications/annual-reports/psb/2020/abbreviations.html

Governor's Foreword

17 Oct 2019 PSB Annual Report – 2019
A major step forward over recent years has been the building of the New Payments Platform (NPP). ... With some banks still focusing on building out their initial offerings, the development of additional NPP functionality is occurring more slowly than was
https://www.rba.gov.au/publications/annual-reports/psb/2019/governors-foreword.html

Abbreviations

17 Oct 2019 PSB Annual Report – 2019
NPP. New Payments Platform. NPPA. NPP Australia Limited. NZ BKBM IRS.
https://www.rba.gov.au/publications/annual-reports/psb/2019/abbreviations.html

Abbreviations

12 Apr 2020 RBA Annual Report – 2020
NPA. Note Printing Australia Limited. NPP. New Payments Platform. NPPA. NPP Australia Limited.
https://www.rba.gov.au/publications/annual-reports/rba/2020/abbreviations.html

Strategic Review of Innovation

12 Sep 2014 PSB Annual Report – 2014
others through a project to build a new real-time retail payment system – the New Payments Platform (NPP). ... The NPP will encompass three components: a basic infrastructure; overlay services; and a fast settlement service.
https://www.rba.gov.au/publications/annual-reports/psb/2014/strategic-review-innovation.html

Governor's Foreword

9 Oct 2015 PSB Annual Report – 2015
In December 2014, 12 institutions (including the Reserve Bank) committed to fund a contract with SWIFT to build the key central infrastructure of the NPP. ... At the same time, the Bank is making good progress towards the new Fast Settlement Service,
https://www.rba.gov.au/publications/annual-reports/psb/2015/governors-foreword.html

Liaison Activity

12 Sep 2014 PSB Annual Report – 2014
A major focus of the Bank's engagement related to the New Payments Platform (NPP; see ‘New Payments Platform’ in the chapter ‘Strategic Review of Innovation’). ... The Head of Payments Policy delivered two speeches in 2013/14, focusing on the NPP
https://www.rba.gov.au/publications/annual-reports/psb/2014/liaison-act.html