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New Payments Platform

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Wednesday, 14 February 2018

You may have heard about the new instant payment services being offered in the banking industry as part of the New Payments Platform.

The new service known as Osko by BPAY will allow customers to make fast payments, 24/7. Between friends, between businesses and between financial institutions. Essentially instant transactions.

Qudos Bank has been building the functionality to bring these new payment services to our customers as part of our new technology delivery however we are not in a position to announce our release date at this stage.

Not all financial institutions are releasing the product offering at the same time, it will be a staggered release across the industry. The project we’ve undertaken to evolve our banking technology will change our entire infrastructure so we need to ensure its thoroughly tested and implemented smoothly.

We hope to be able to provide an update on our new technology offering shortly.


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