40
Payments Regulation in Asia
to work with it on the development of a PayTo service, facilitating account-to-account payments. 81 In addition, in December 2023, ANZ unveiled a PayTo service for Biller, allowing businesses to submit a request to debit to their customers through digital banking platforms for one-off or recurring transactions. 82
Limited data is publicly available on total PayTo volumes in Australia today, making PayTo adoption analysis difficult.
81
https://www.bankingday.com/woolies-to-adopt-payto
82
https://itbrief.com.au/story/anz-bank-introduces-proprietary-payto-service-for-billers-in-australia
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