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PayDay News | Australian Payments News

PayTo needs a facelift to compete with BECS: RBA

Editor
25 Mar, 2026
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Warwick Ponder
Editor
25 Mar, 2026
Add us as a preferred source on Google
PayTo - Australia’s real time answer to direct debit - needs an urgent facelift if the industry hopes to convince consumers to move to real time payments en masse.
PayTo needs a facelift to compete with BECS: RBA
The RBA says the vast majority of account-based pull payments in Australia continue to be made using BECS and the barriers inhibiting the use of PayTo persist.

PayTo - Australia’s real time answer to direct debit - needs an urgent facelift if the industry hopes to convince consumers to move to real time payments en masse.

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