New Payments Platform

The New Payments Platform (NPP) is new infrastructure in Australia that will enable customers of different banks to make and receive real-time payments, 24 hours a day and seven days a week.

Yes. HSBC is a participant in the NPP and working towards delivering the infrastructure. We will update this page with our progress.

To ensure a seamless transition for our corporate & retail customers, HSBC has chosen to connect with a mature NPP system.

No. You can continue to make and receive payments as you do today.

PayID is the name of the NPP addressing service. It will allow consumers to link financial accounts to easy-to-remember pieces of information such as phone numbers and email addresses.

PayID is the name of the NPP addressing service. It will allow consumers to link financial accounts to easy-to-remember pieces of information such as phone numbers and email addresses.

No. HSBC won’t be asking you to set up or link an account a PayID, only after we launch will we ask you to do this.