Australian payments upgrade eases emergency payments – RBA deputy governor
New payments platform speeds payments between government agencies, Boulton says
Australia’s new instant payments system will contribute to better public services, the Reserve Bank of Australia’s assistant governor Lindsay Boulton said today (August 23).
In a speech in Sydney, Boulton said the new payments platform, or NPP, “will allow the government to make emergency payments at any time to assist individuals and households in distress”. Real time-payments available around the clock should allow the government to react better to unexpected events.
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