PayTo is a modern digital alternative to traditional direct debit and EFT, developed by the New Payments Platform (NPP) and supported by Australia’s major banks. It allows businesses to set up payment agreements that customers can authorise from within their own banking app.
PayTo replaces traditional direct debit with a faster, more transparent and fully digital experience.
Customers authorise payment agreements once, then payments flow instantly, no delays, no manual follow-ups. This latest solution marks a significant change in the way Australian businesses collect payments; offering speed, flexibility, and control.
ZenPay brings PayTo together with industry-specific payment flows and enterprise-grade controls, making it easy to adopt and scale for any business or industry.
Unlike legacy direct debit systems, PayTo unlocks one-off, scheduled and recurring bank payments, perfect for businesses. It’s a secure, compliant, and frictionless alternative to traditional bank transfers, BPAY or EFT, and one that today’s digital-first consumers increasingly expect.
PayTo lets customers pay directly from their bank account, using a PayID, or BSB and account number.
Payments are processed 24/7, meaning no pending transactions and faster settlements.
PayTo payments remove uncertainty with clear account information available before approval.
No ongoing debit schedule required, it’s easy to build and use for both customers and businesses.
Timely notifications when a payment succeeds or fails, or when customers pause or cancel agreements.
PayTo payments and approvals use bank-grade technology and robust security.
You create a PayTo agreement with the customer, outlining the payment amounts, timing and conditions.
The customer reviews and approves the agreement in their banking platform.
Once approved, payments are initiated in real-time directly from the customer’s account.
