Daily Review: Australia’s NPP – Lessons Learned from the Launch of the Next-Gen National Payments System

The world of payments is moving from private network dependency to national bank-owned ecosystems that operate at a new speed and level of efficiency. India, US, and Australia are some of the most well-known and widely discussed examples of how national banking ecosystems take control over payments rails, redefining the infrastructure and approach to real-time payments.

Australia’s New Payments Platform (NPP) went live Tuesday, February 13, 2018, giving consumers and businesses access to the most modern payments system in the world. With similar examples in India (UPI) and US (Zelle), Australia has its own lessons for the world to learn from. Flawless technical execution and forward-thinking infrastructure were ...

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