The next major leap in Australian payments infrastructure, PayTo (previously known as the Mandated Payment Service, or MPS) will provide major benefits to merchants and consumers alike.
Best of all, Zepto is set to offer PayTo to our merchant partners from the day it launches!
PayTo's instant direct debits will deliver guaranteed payments in real-time to have businesses humming like never before.
Say goodbye to delayed Direct Debit payments and funding lags forever. PayTo payments will clear and settle in your account in seconds at any time of the day or night 24/7/365.
See when a customer payment agreement is paused, changed or cancelled, giving you the clarity and information you need to engage with your consumers and maximise payment success.
Real-time account validation, funds verification and real-time notifications remove the frustrations and negative cash flow implications of dishonoured payments.
PayTo gives customers more visibility and control over their payment obligations, and will help eliminate the friction points of legacy Direct Debit.
Your customers will enjoy a massively enhanced payment experience, resulting in a a better outcome for all.
Integrate with Zepto's Direct Debit platform now, and you’ll have no additional development work to switch over to PayTo—if you want to—the moment it switches on. Our API can do all the heavy lifting now, so you won’t have to.
PayTo is being developed by New Payments Platform Australia and the financial services industry and is planned to commence rolling-out from mid-2022. PayTo is an initiative from the New Payments Platform (NPP); fast payments infrastructure built by the Australian financial services sector.
Split Payments Pty Ltd (ACN: 604 057 598) is a corporate Authorised Representative (number 1282223) of Amplus Global Pty Ltd (ACN 162 631 325), the holder of Australian Financial Services Licence number 505929, and an AUSTRAC Independent Remittance Service Provider IND1006344321-001.
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