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RBA Glossary definition for PPFs

PPFs – Purchased payments facilities

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Abbreviations

20 Sep 2018 PSB Annual Report – 2018
PFMI. Principles for Financial Market Infrastructure. PPFs. Purchased payment facilities. PPS.
https://www.rba.gov.au/publications/annual-reports/psb/2018/abbreviations.html

Retail Payments Regulation and Policy Issues

17 Oct 2019 PSB Annual Report – 2019
In particular, the FSI viewed the regulatory arrangements for purchased payment facilities (PPF), a type of SVF, as complex and subject to potential regulatory overlap. ... The Productivity Commission recommended that the CFR review the regulatory
https://www.rba.gov.au/publications/annual-reports/psb/2019/retail-payments-regulation-and-policy-issues.html

Retail Payments Regulation and Policy Issues

20 Sep 2018 PSB Annual Report – 2018
One area of potential improvement is the regulatory framework for purchased payment facilities (PPFs), which has been identified as being unnecessarily complicated, involving multiple regulators (including the Bank) and various regulatory
https://www.rba.gov.au/publications/annual-reports/psb/2018/retail-payments-regulation-and-policy-issues.html