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B_Informed Issue 3

The Value of Volumes

In 2007, the majority of BPAY payments ? 83 per cent ? were made via the Internet. This is an increase of 21 per cent from five years ago ? a clear indication that online banking plays a critical role for Australian bill payers.

BPAY enjoyed a thriving 07/08, with continued impressive growth across all performance indicators, re-affirming its pioneering position as an electronic bill payment option a decade after its launch.

The value and volume of BPAY payments both posted a 14 per cent year-on-year increase. Almost 21 million BPAY payments were made in July 2008 representing more than $15 billion dollars.

There was also a steady growth in new billers joining the Scheme last year with the list expanding from 15,236 organisations in July 2007 to 15,893 in July 2008.