Australia’s New Payments Platform (NPP) has transformed the landscape for payments. The speed, versatility and data-rich nature of the system presents a unique opportunity for business to take advantage of the modern digital marketplace.
Indeed, real-time payments technology like the NPP is the undisputed future of trade both domestically and across borders.
That’s why the players in the financial services sector like ANZ are committed to recognising and promoting the value of the NPP in the future, ANZ Director, Head of Clearing Services Product, Luke Perkins says.
Speaking to ANZ institutional on podcast, Perkins said while he does not doubt there is strategy behind the NPP rollout, after 18 months in the market it's “probably high time we really start to drive that that reachability piece”.
“With such a big step change in what we are able to deliver customers I would have thought there'd be a bit more awareness put out into the public arena.”
“When I look at it from an international perspective, I'd love to be able to connect cross-border transactions into the NPP network but if the reach isn't there, you're not going to deliver a consistent customer experience.”
Perkins made the comments on a podcast with ANZ Head of Wholesale Digital, Leigh Mahoney ahead of the Sibos 2019 financial services conference in London, where the future of real-time payments services is expected to be one of the key themes of discussion.
You can listen to the podcast below.