A PayID is a unique identifier you can link to your bank account and use to receive payments. It’s something that’s simple and easy to remember, like a mobile number.
PayID will be part of the New Payments Platform (NPP), a major industry initiative to enable faster, simpler, smarter payments in Australia.
You can now choose to register your mobile number as a PayID and link it to an eligible bank account, or you can choose to continue using your BSB and Account Number. Either way, you’ll benefit from the major improvements being made.
Payments are now moving faster with PayID
You can now send money and get paid faster by sharing your PayID, such as your mobile number, instead of your BSB and account numbers.