Search: BPAY
RBA Glossary definition for BPAY
BPAY – BPAY is a payments clearing organisation owned by a group of retail banks. Individuals who hold accounts with a BPAY participating financial institution can pay billing organisations which participate in BPAY, using account transfers initiated by phone or internet. The transfers may be from savings, cheque or credit card accounts.
Search Results
Cash Use in Australia: New Survey Evidence
10 Sep 2011
Bulletin
– September 2011
BPAY. 100. Personal cheque. 90. American Express/Diners Club card. 50. MasterCard/Visa credit card. ... 9.3. 70. 9.5. 64. Card. 3.5. 27. 4.7. 32. BPAY. 0.3.
https://www.rba.gov.au/publications/bulletin/2011/sep/7.html
List of tables | Submission to the Financial System Inquiry March 2014 | Financial Sector | Submissions
1 Mar 2014
Submissions
40.5. 1.3. 11.7. 11.9. Credit/charge cards. 22.9. 1.7. 10.8. 12.4. BPAY. ... Sources: APCA; BPAY; RBA. Table 8.2: Selected Non-cash Payments By Country.
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-03/tables.html
How Australians Pay: New Survey Evidence
16 Mar 2017
Bulletin
– March 2017
The Reserve Bank's 2016 Consumer Payments Survey showed that Australian consumers are increasingly using their debit or credit cards instead of paying in cash or writing cheques. While more and more small payments are being made with contactless
https://www.rba.gov.au/publications/bulletin/2017/mar/7.html
Consumer Payment Behaviour in Australia
15 Jun 2023
Bulletin
– June 2023
The results of the Reserve Bank’s 2022 Consumer Payments Survey show that consumers continue to shift from using cash to electronic payment methods – a trend that was accelerated by the COVID-19 pandemic and consumers’ preference towards using
https://www.rba.gov.au/publications/bulletin/2023/jun/consumer-payment-behaviour-in-australia.html
Box D: The New Payments Platform and Fast Settlement Service
10 Apr 2018
FSR
– April 2018
Footnotes. The first overlay service, Osko, was developed by BPAY. It allows customers of participating financial institutions to make payments in under a minute through their financial institutions' mobile or internet
https://www.rba.gov.au/publications/fsr/2018/apr/box-d.html
Submission to the Senate Select Committee on Financial Technology and Regulatory Technology – December 2019 | Payments System | Submissions
28 Dec 2019
Submissions
annualised basis), compared with around 120 transactions per person for the older direct entry system (including BPAY).
https://www.rba.gov.au/publications/submissions/payments-system/financial-and-regulatory-technology/index.html
A Guide to the Card Payments System Reforms
10 Sep 2010
Bulletin
– September 2010
the recipient's financial institution. Examples of payment systems in Australia include cheques, debit and credit cards, BPAY and direct credits and debits. ... In the case of payments from a deposit account (such as cheques, debit cards and BPAY),
https://www.rba.gov.au/publications/bulletin/2010/sep/7.html
Submission to Payments System Review – January 2021 | Responses and Options Paper
8 May 2024
Submissions
BPAY and eftpos, initiated a process to explore whether some form of cooperation or consolidation might improve efficiency and innovation. ... In December, NPPA, BPAY and eftpos jointly announced a plan to amalgamate under a new company with a single
https://www.rba.gov.au/publications/submissions/payments-system/submission-to-payments-system-review-01-2021/index.html
Trends in Mobile Payments in Developing and Advanced Economies
22 Mar 2013
Bulletin
– March 2013
As mobile phones have become commonplace throughout the world there has been an increasing focus on their potential use for making payments. Adoption of mobile payments in developing economies has occurred well ahead of that in advanced economies,
https://www.rba.gov.au/publications/bulletin/2013/mar/8.html
7. Conclusions | Results of the Reserve Bank of Australia's 2010 Consumer Payments Use Study June 2011 | Consultations
7 Jun 2011
Consultations
BPAY, internet/telephone banking and cheques are important payment methods for higher-value payments, particularly those greater than $500, although overall cheque use continues to decline.
https://www.rba.gov.au/publications/consultations/201106-strategic-review-innovation/results/conclusions.html