2023 Annual Review

Annual Review 2023

Our 2023 Annual Review, ‘A Turning Point’, offers insights into AusPayNet’s important work at a critical time for the banking and payments industry.

Some key highlights include:

  • Successful leadership of the first phase of Australia’s ISO 20022 Industry Migration Program
  • Significant progression of work to become an authorised standards-setting body
  • Facilitation of ECF to disrupt economic crime targeting Australians, including scams
  • Formation of plan to migrate Australian card payments to the AES encryption algorithm
  • Continued collaboration to deliver cheaper, faster, more transparent and more accessible cross-border payments
  • Proactive management of legacy payment systems to support transition to more modern payment alternatives
  • Engagement with government and regulators to assist in driving policy objectives and regulatory changes.

For a more detailed reflection on this work, we invite you to read our 2023 Annual Review below.