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What is PayID?

This makes payments simpler, faster, and more user-friendly.

PayID is a unique, easy-to-remember identifier linked to your bank account, allowing people to make payments without needing to know complex account details. Instead of sharing a BSB and account number, you can link your bank account to an identifier like your mobile number, email address, or business domain (e.g., pay@yourbusiness.com.au). 

HOW PAYID WORKS
  • Create a PayID: Personal and business PayIDs can be set up using unique identifiers.
  • Make Payments Easily: Users only need the recipient’s PayID, making transactions simpler and more intuitive.
  • Real-Time Transfers: Leveraging NPP’s infrastructure, PayID ensures payments are processed in seconds and are available immediately.

PayID is widely used for peer-to-peer (P2P) transfers and supports consumer-to-business (C2B) payments, making it versatile for personal and professional transactions.