New Payments Platform 
Phases 3 & 4 - Design, Build and Test


The New Payments Platform is a major industry initiative to develop new national infrastructure for fast, flexible, data rich payments in Australia. The Program proceeded to the fourth phase, "build and internal test" in August 2015. The NPP is on track to being operational in the second half of 2017.

The Program reached a historic milestone in December 2014 when 12 leading authorised deposit-taking institutions (ADIs) committed funding for the build and operation of the NPP. These institutions became the founding members of NPP Australia Limited.

NPP Australia also signed a 12-year contract with global provider of secure financial messaging services Society for Worldwide Interbank Financial Telecommunication (SWIFT) to design, build and operate the basic infrastructure. The establishment of NPP Australia and the appointment of SWIFT marked the launch of the Program’s “design and elaborate” stage, which was then successfully completed in July 2015. The current “build and internal test” stage is scheduled for completion in early-mid 2017.

In October 2015, NPP Australia reached agreement with Australia’s premier bill payment system provider -BPAY - to deliver the first overlay service to use the NPP once it is operational in the second half of 2017.

The NPP will be open access infrastructure for Australian payments. The intention is that all ADIs will connect to the NPP, either directly or indirectly through another member, so they can process a wide variety of fast data-rich payments for their account holders. ADIs can choose to join the NPP at any point in its development and operation.


NPP Members

Further information

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