A new way for Australians to pay

Osko by BPAY, the latest innovation from BPAY Group, is transforming the way people pay each otherby leveraging the capabilities of the New Payments Platform (NPP) including PayID and the RBA’s Fast Settlement Service.
Osko® offers faster payments, in under a minute, 24/7 – even on weekends! It is offered to consumers through their existing banking channel. Over 50 institutions (including the 4 major banks) will roll out Osko to their customers over the coming months. Osko features will also continue to grow.

To find our more about Osko, visit www.osko.com.au.

If you would like to know more about PayID or the New Payments Platform, visit www.payid.com.au and www.nppa.com.au respectively.

How is Osko by BPAY different from BPAY? Will it replace BPAY or BPAY View?

Osko is a complementary service to BPAY and BPAY View, addressing new and alternative ways for Australians to pay. It is a person-to-person payment service.

BPAY Payments is a consumer-to-organisation bill payment service and BPAY View is a bill presentment service.

Unlike BPAY Bill payments, Osko does not provide data validation or payment reconciliation for businesses.

How do we differentiate BPAY and Osko by BPAY to end consumers & employees?

or example:
BPAY is the easiest way to make bill payments. It’s packed with smart features to make paying bills less complicated like bill scheduling. And if you run a business, you’ll love the easy reconciliation and powerful features like batch payments. With BPAY View you can make bills even easier to manage by getting your bills and statements sent straight to your online bank. So, you can view, pay and store bills securely and with the convenience of your online or mobile bank using BPAY.

Osko is an innovative payment service which allows Australians to make and receive faster payments to each other via any participating bank. Osko could be used when paying at a group dinner, socialising, or even paying a plumber on the spot. Osko enables payments to one another more conveniently than ever before. And, with PayID you can use more memorable information like an email address or phone number to make and receive payments. The person’s PayID name will be visible before the payment is made, so you know exactly who you are paying.

How secure is Osko by BPAY?

As Osko is implemented through the financial institutions’ online banking channels it meets all the security demands applied that financial institution.

What is PayID?

PayID, also known as the Addressing Service, is the component of the NPP that enables users to register an easy-to-remember identifier to an account. A user will be able to provide their identifier, such as an email address or phone number, to registered users to make and receive fast and easy payments.

When users send payments through Osko to a PayID, funds settle in real-time with close to immediate funds availability, regardless of financial service provider. To find out more about NPP and PayID visit: www.nppa.com.au and www.payid.com.au.