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RBA Glossary definition for NPP

NPP – New Payments Platform

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Submission to the Senate Select Committee on Financial Technology and Regulatory Technology – December 2019 | Payments System | Submissions

28 Dec 2019 Submissions
Direct participants connect to the NPP directly using their own NPP payment gateway. ... In response, the report included a number of recommendations relating to NPP access:.
https://www.rba.gov.au/publications/submissions/payments-system/financial-and-regulatory-technology/index.html

Submission to Payments System Review – January 2021 | Responses and Options Paper

25 May 2023 Submissions
The Bank has an MOU with NPP Australia Limited (NPPA), which sets out arrangements for engagement and information sharing. ... The introduction of real-time payments with the establishment of the NPP in 2018.
https://www.rba.gov.au/publications/submissions/payments-system/submission-to-payments-system-review-01-2021/index.html

Inquiry into Future Directions for the Consumer Data Right – April 2020 | Payments System | Submissions

14 Jun 2023 Submissions
Another development in this area is the Mandated Payments Service (MPS) for the New Payments Platform (NPP). ... The MPS is currently in development; the operator of the NPP, NPP Australia, anticipates that financial institutions will begin to rollout
https://www.rba.gov.au/publications/submissions/payments-system/future-directions-for-the-consumer-data-right/index.html

Submission to Payments System Review

3 Feb 2021 Submissions PDF 1155KB
arrangements for the New Payments Platform (NPP). More generally, the Bank has long-established. ... credit transfersCheques NPP. Includes BPAY. Sources: ABS; AusPayNet; BPAY; Colmar Brunton; Ipsos; RBA; Roy.
https://www.rba.gov.au/publications/submissions/payments-system/pdf/submission-to-payments-system-review-01-2021.pdf

Submission to the Senate Select Committee on Financial Technology and Regulatory Technology

9 Jan 2020 Submissions PDF 797KB
financial institutions, including the Reserve Bank. The NPP provides the clearing and settlement. ... financial institutions, including the Reserve Bank, which funded the development of the NPP.
https://www.rba.gov.au/publications/submissions/payments-system/financial-and-regulatory-technology/pdf/financial-and-regulatory-technology.pdf

65 Martin Place Sydney NSW 2000 GPO Box 3947 ...

23 Apr 2020 Submissions PDF 580KB
The MPS is currently in development; the operator of the NPP, NPP Australia, anticipates that financial institutions will begin to rollout services utilising the MPS in early 2022. ... However, the NPP does not currently provide access to some account
https://www.rba.gov.au/publications/submissions/payments-system/pdf/future-directions-for-the-consumer-data-right.pdf

A Strategic Plan for the Payments System

6 Jun 2023 Submissions PDF 539KB
themselves. The New Payments Platform (NPP) PayID addressing system is one method to help reduce. ... Roadmap milestones. While the PayTo service went live in June 2022 as scheduled, many NPP.
https://www.rba.gov.au/publications/submissions/payments-system/pdf/consultation-on-a-strategic-plan-for-the-payments-system.pdf

Submission to the Senate Select Committee on Australia as a Technology and Financial Centre - July 2021

19 Jul 2021 Submissions PDF 610KB
As most fintechs are not prudentially regulated by APRA, they are not able to access the NPP directly to clear payments. ... services that leverage the NPP capabilities and potential constraints on the ability of entities to connect to the NPP.
https://www.rba.gov.au/publications/submissions/payments-system/pdf/inquiry-into-australia-as-a-technology-and-financial-centre.pdf

Competition in the Australian Financial System - March 2018

21 Mar 2018 Submissions PDF 503KB
Supplementary Submission to the Productivity Commission Inquiry
https://www.rba.gov.au/publications/submissions/financial-sector/competition-in-the-financial-system-2018-03/pdf/supplementary-submission-to-productivity-commission-march-2018.pdf

Competition in the Payments System | Submission to the Productivity Commission Inquiry – September 2017 | Financial Sector | Submissions

6 Sep 2017 Submissions
Looking forward, the New Payments Platform (NPP) and the introduction of an open banking regime may facilitate the development of services that make account switching easier (see below). ... The NPP, currently under development by a group of 13 financial
https://www.rba.gov.au/publications/submissions/financial-sector/competition-in-the-financial-system/competition-in-the-payments-system.html