Monoova's new CEO Bianca Bates says that four years after its launch, PayTo is entering a new chapter. The conversation is no longer about whether Australia needs a modern account-to-account payment method. It's about how quickly businesses and consumers will make it part of everyday life.

Lisa Vasic, ANZ Managing Director for Transaction Banking, explains the next phase of PayTo will be about scale and integration - expanding merchant acceptance, increasing customer awareness, and continuing to refine the user experience so it is simple and intuitive.

GT Insurance's implementation of PayTo with NAB shows how the new payments capability can improve the customer experience while also solving operational challenges.

Global Payments' Head of Integrated & Platforms APAC Masseh Haidary writes that the next stage of PayTo will be determined not by the payments industry alone, but by how merchants and consumers choose to incorporate it into their everyday payment experiences.

This month PayTo turns four years old and it’s already pumping an impressive 6 million transactions a year through the Australian economy, to a value of almost $4 billion.

Zepto’s General Manager, Commercial Emily Curlewis, says PayTo is often described as an instant direct debit replacement, but the opportunity is much broader. “It creates a foundation for account-to-account payments that are real-time, data-rich and built around customer authorisation.”