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Enable payment to supplier with Payid using the banking OSKO system

People are reluctant to give bank account details. Phone and Email (and other options) are now possible

  • Guest
  • Mar 19 2020
  • Under Consideration
  • Mar 19, 2020

    Admin response

    Hi Don. The NPP (the Osko framework) is currently not B2B. We are currently working with providers (and have been for a while) to determine how we can overcome this until B2B can be delivered (the last update we had was 2 years).

    I hope we can share more news on this in the coming months.

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  • Admin
    Jason Hollis commented
    27 Jan 12:39am

    Hi Don. No we aren't, however at the moment institutions and fintechs are charging as much as 60 cents per transaction to use PayID as a third party. Unfortunately we cannot absorb that cost. As the system gathers broader acceptance we are confident this pricing will decrease. In the meantime, we are looking at other options eg user pays, or banking partnerships.

  • Guest commented
    24 Jan 04:42am

    Our Westpac business account now allows payment to mobile, email etc. Our use is not B2B but to individuals. Is Reckon only aiming at the B2B market?