Search: NPP
RBA Glossary definition for NPP
NPP – New Payments Platform
Search Results
The Ongoing Decline of the Cheque System
15 Jun 2017
Bulletin
– June 2017
Cheque use in Australia has declined significantly over the past few decades and currently represents only a small share of non-cash payments. This decline reflects changes in the payments market as a result of technological change and customer
https://www.rba.gov.au/publications/bulletin/2017/jun/7.html
Topic: Payments
11 Sep 2018
Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/payments/
Fast Retail Payment Systems
18 Dec 2014
Bulletin
– December 2014
In December 2014, a group of Australian financial institutions announced that funding had been secured for the next phase of the New Payments Platform (NPP), which will provide the capability for Australian consumers and businesses to make and
https://www.rba.gov.au/publications/bulletin/2014/dec/6.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
The Future of Cash
15 Dec 2016
Bulletin
– December 2016
Australian consumers have increasingly been using electronic payment methods in preference to cash for their transactions. The overall demand for cash in Australia, however, remains strong. There is ongoing demand for cash for non-transaction
https://www.rba.gov.au/publications/bulletin/2016/dec/5.html
The Cash Market
15 Dec 2016
Bulletin
– December 2016
The cash market is the market for unsecured, overnight loans between banks. The weighted average of interest rates on these loans is the cash rate, the Reserve Bank's operational target for monetary policy and an important financial benchmark. Over
https://www.rba.gov.au/publications/bulletin/2016/dec/4.html
New Payments Insights from the Updated Retail Payments Statistics Collection
21 Mar 2019
Bulletin
– March 2019
Banks' funding costs increased a little over 2018, driven by a rise in the cost of wholesale funding linked to money market rates, but with some offset from reductions in the cost of retail deposits.
https://www.rba.gov.au/publications/bulletin/2019/mar/new-payments-insights-from-the-updated-retail-payments-statistics-collection.html
ISO 20022 Migration for the Australian Payments System – Issues Paper – April 2019 | Consultations
8 Apr 2019
Consultations
ISO 20022 Migration for the Australian Payments System – Issues Paper. Consultation Paper. April 2019. Download the complete Consultation Paper 1.60. MB. Download the Response Template 97. KB. Reserve Bank of Australia 2019. All rights reserved.
https://www.rba.gov.au/publications/consultations/201904-iso-20022-migration-for-the-australian-payments-system/
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
Modernising Payments Messaging: The ISO 20022 Standard
17 Sep 2020
Bulletin
– September 2020
Electronic payments rely on the exchange of messages to instruct the flow of funds between financial institutions.
https://www.rba.gov.au/publications/bulletin/2020/sep/modernising-payments-messaging-the-iso-20022-standard.html