What it is
Financial infrastructure that enables funds to be transferred from one bank account to another in seconds, 24/7/365, with immediate availability of funds.
How it works
Leveraging Australia's New Payments Platform (NPP), transactions are authorized and settled instantly. The funds are cleared and available in the recipient's account within 60 seconds of being initiated.
The Benefits
- Instant Cash Stability: No "pending" periods; your business has the money the moment the sale is confirmed.
- High Precision: Ideal for high-value transactions where "proof of payment" is required before goods are released.
- Improved Margins: Often provides a more direct and cost-effective route than traditional credit card rails.
Best used for
High-value retail (cars, luxury), professional services, and businesses requiring immediate settlement and absolute finality.