ACCC grants AusPayNet and AP+ authorisation to collaborate on the future of account-to-account payment infrastructure
MEDIA RELEASE
8 August 2025
ACCC grants AusPayNet and AP+ authorisation to collaborate
on the future of account-to-account payment infrastructure
Australian Payments Network (AusPayNet), the self-regulatory body for the payments industry, and Australian Payments Plus (AP+), the domestic payments provider, have welcomed the ACCC’s decision to grant authorisation with conditions to develop a common industry vision regarding the future of account-to-account payments infrastructure in Australia.
The authorisation is valid for 18 months until 31 January 2027, and follows the interim authorisation issued in May 2025.
The authorisation applies to AusPayNet, AP+, members of BECS, members of the New Payments Platform (NPP), and other third parties. It enables these organisations to meet, discuss and share information for the purpose of developing a common industry vision for the future of account-to-account payments infrastructure in Australia, including the future of the Bulk Electronic Clearing System (BECS).
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About AusPayNet
AusPayNet is the industry association and self-regulatory body for the Australian payments industry and currently has more than 160 members including financial institutions, payment system operators, major retailers and financial technology companies. We manage and develop regulations, procedures, policies and standards governing various payments clearing and settlement streams including the Bulk Electronic Clearing System (BECS) Framework. Its purpose is to create confidence in payments by setting enforceable industry standards for a safe, reliable and effective payments system; leading transformation in payments to drive efficiency, innovation and choice; and being the home for ecosystem collaboration and strategic insight.
As part of payments modernisation, AusPayNet is currently working with the industry to develop the strategy for the future of A2A payments in Australia, as well as leading work on the wind down of the cheques system, the migration of domestic and cross-border payments to the ISO 20022 messaging format, and the upgrade of the Australian card payments system’s security to the Advanced Encryption Standard. As a key participant in the National Anti-Scam Centre and through its own Economic Crime Forum, AusPayNet is also supporting the Government’s strategy to combat scams and online fraud. See https://www.auspaynet.com.au.
About Australian Payments Plus
Australian Payments Plus (www.auspayplus.com.au) brings together Australia’s domestic payment companies, BPAY Group, eftpos and NPP Australia to shape the future of payments for Australia. Working together benefits Australia’s consumers, businesses and government, creating opportunities above and beyond the needs of payments users of all kinds. We’re inspired by what’s possible today, and what could be possible beyond tomorrow.
AP+ shareholders include Adyen Australia Pty Limited, ANZ, ASL, Bank of Queensland Limited, Bendigo and Adelaide Bank Limited, CBA, Checkout.com Australia Pty Ltd, Citigroup Pty Limited, Coles Group Limited, Cuscal Limited, EFTEX Pty Limited, First Data Network Australia Limited trading as Fiserv, HSBC Bank Australia Limited, ING Bank (Australia) Limited, Indue Limited, Macquarie Bank Limited, NAB, PayPal, Norfina Limited (trading as Suncorp Bank) (formerly Suncorp Metway Limited), Tyro Payments Limited, WBC, Windcave Pty Limited, Wise Australia Pty Limited, Woolworths Group Limited and WorldPay. See https://www.auspayplus.com.au.
