How PayTo and Open Banking Can Help Small Businesses in Australia

Woolworths has recently announced that it will be moving payments on to Australia’s real-time payments system, PayTo. This is a major move for the supermarket giant, and it could have a significant impact on the way small businesses operate in Australia. PayTo is a new payment system that allows businesses to accept real-time payments directly from customer bank accounts. This is in contrast to the current system, which relies on Mastercard and Visa credit or debit cards. There are a number of