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RBA Glossary definition for NPP

NPP – New Payments Platform

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Abbreviations

27 Oct 2022 RBA Annual Report – 2022
NPA. Note Printing Australia Limited. NPP. New Payments Platform. NPPA. NPP Australia Limited.
https://www.rba.gov.au/publications/annual-reports/rba/2022/abbreviations.html

Banking and Payment Services

21 Oct 2021 RBA Annual Report – 2021
The Bank is also working closely with Services Australia to harness the technological advantages of the NPP. ... These services include direct entry, RTGS, BPAY, cheque, eftpos, cash, NPP and card-based services via phone and internet.
https://www.rba.gov.au/publications/annual-reports/rba/2021/banking-and-payment-services.html

Payments System Regulation and Policy Issues

28 Sep 2022 PSB Annual Report – September 2022
A major roadmap initiative has been the launch of the NPPs PayTo service. ... The other major initiative on the NPP roadmap is the development of the international payments business service.
https://www.rba.gov.au/publications/annual-reports/psb/2022/payments-system-regulation-and-policy-issues.html

Fast Retail Payment Systems

18 Dec 2014 Bulletin – December 2014
Stephanie Bolt, David Emery and Paul Harrigan
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
Mary-Alice Doyle, Chay Fisher, Ed Tellez and Anirudh Yadav
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

Abbreviations

28 Sep 2022 PSB Annual Report – 2022
MOU. Memorandum of Understanding. MTO. Money transfer operator. NPP. New Payments Platform. ... NPPA. NPP Australia Limited. OG. Oversight Group. OIS. Overnight index swaps.
https://www.rba.gov.au/publications/annual-reports/psb/2022/abbreviations.html

Banking and Payment Services

12 Apr 2020 RBA Annual Report – 2020
The Australian Government also makes payments using a number of other methods, including NPP, RTGS, cheque, BPAY and prepaid cards. ... These include direct entry, RTGS, BPAY, cheque, eftpos, cash, NPP and card-based services via the internet and phone.
https://www.rba.gov.au/publications/annual-reports/rba/2020/banking-and-payment-services.html

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

Abbreviations

21 Oct 2021 PSB Annual Report – 2021
MOU. Memorandum of Understanding. MTO. Money transfer operator. NPP. New Payments Platform. ... NPPA. NPP Australia Limited. OG. Oversight Group. OIS. Overnight index swaps.
https://www.rba.gov.au/publications/annual-reports/psb/2021/abbreviations.html

The Evolving Payments Landscape

21 Oct 2021 PSB Annual Report – 2021
The NPP enables consumers, businesses and government agencies to make real-time, information-rich payments 24 hours a day, every day of the year. ... migrating to the NPP, contributing to the strong growth in NPP transactions over the past few years
https://www.rba.gov.au/publications/annual-reports/psb/2021/the-evolving-payments-landscape.html