NAB and Amazon Launch PayTo Payment for Amazon Clients in Australia

Customers engaging in e-commerce activities via Amazon.com.au can now use ‘PayTo’ to make a purchase directly from their bank account in a secure way, removing the need to provide sensitive payment card details.

The PayTo payment option gives Amazon.com.au customers visibility and control over their payments by “facilitating the safe authorization of PayTo arrangements via their online banking platform.”

Once approved as an online banking payment method, Amazon shoppers can use PayTo to initiate one-off or recurring payments “straight from their bank account, with a single click.”

NAB Executive, Enterprise Payments and Technology Modernization, Shane Conway, said the launch of PayTo on Amazon’s Australian store “was a win for its customers, its sellers and the continued simplification of digital payments.”

Conway said:

“Our goal is to provide our business customers with simple, safe and convenient payment options to support their growth and customers with excellent experiences. By integrating our new Pay by Bank (PayTo) capability into its Australian store, Amazon is providing its customers with a new, easy, and secure way for them to pay, while at the same time delivering a cost efficient, instant payment solution for its business.”

They also mentioned:

“Once Amazon shoppers add and approve PayTo as a payment method via their online banking, there will be no need for them to remember card, account, or reference details. It’s super simple.”

Conway added:

“For many businesses – in particular retailers – PayTo lowers the cost of doing business, while also helping to mitigate the risk of fraud. As a result, we’re seeing more businesses adopting PayTo, and we expect this to continue into 2025 and beyond.”

Sujit Misra, Director of APAC Payments for Amazon, said:

“At Amazon we always follow the lead of our customers, and as we continue to see their preferences shift toward banking apps and instant payment methods, we are excited to add PayTo as a payment option on Amazon.com.au.”

PayTo is an initiative of Australian Payments Plus, operator of Australia’s real-time payments infrastructure, in collaboration “with banks, fintechs and payment services providers.”

It is currently available to “95% of all retail bank accounts” in Australia.

The utilization of account-to-account payments is rapidly expanding, with 102 million Australian accounts “able to make and receive payments via Australia’s real time payment infrastructure enabled by Australian Payments Plus.”

NAB Pay by Bank brings together the functionality of PayTo and the e-commerce capabilities of Banked in order to “provide businesses and governments with a fast, simple and secure way to initiate one-off or recurring payments directly from customers’ bank accounts.”

Global fintech and NAB Ventures portfolio company, Banked, supported the development and launch of the Pay by Bank solution.

NAB invested in Banked in 2022.



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