Australia's Payments Roundtable Seeks Feedback on Draft Vision for Account-to-Account Payments

MT Newswires Live13:41

The Account-to-Account Payments Roundtable released a public consultation on the draft vision for the future of account-to-account payments in Australia on Thursday, defining the desired end-user outcomes and future state for account-to-account payments, according to a same-day statement.

The vision seeks to provide certainty to stakeholders on the long-term strategic direction for account-to-account payments in Australia and anchor the industry's development of account-to-account products, services, and underlying infrastructure.

It noted the rapid changes, driven by advances in digital technologies such as artificial intelligence, digital assets, and digital identity, and their integration into the payments system.

The development of a clear industry roadmap is the next step towards delivering the vision, per the statement. The roadmap will be developed collaboratively in 2026 through the roundtable process.

The roundtable includes the Australian Payments Network, Australian Payments Plus, the Reserve Bank of Australia (RBA), and the Commonwealth Treasury. It was established in August 2025 under authorization by the Australian Competition and Consumer Commission.

The deadline for the submission of consultations is May 22.

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