What is PayTo

PayTo is a modern digital payment solution offering a fast, easy and secure way to pay. It gives consumers more visibility and control over their payments and enables merchants to initiate real-time payments from the consumer’s bank accounts.

Benefits for Consumers

  • gives consumers control before any payments go out;
  • secure, and keeps consumer's data private;
  • more visibility in their internet or mobile banking app;
  • fast, all payments and authorisation actions are done in real-time; and
  • easy to set up on the spot using a PayID or a Bank account number.

Benefits for Businesses

  • reducing errors with real-time account validation;
  • reducing manual handling with real-time funds verification;
  • real-time funds receipt confirmation;
  • easy reconciliation with the support of additional information; and
  • maintain customer relations with agreement change notifications.

Use Cases

PayTo supports a range of use cases and encourages business innovation. In the future, we anticipate seeing new use cases brought to market by fintech and merchants alike.

  • Consumers can use PayTo to make in-app and e-commerce payments
  • Consumers can use PayTo to make in-store payments via a digital wallet
  • Consumers can use PayTo for making regular subscriptions, utilities, and any other schedule-based payments
  • Businesses can use PayTo for paying payroll, suppliers, drivers, and any other accounts payable transactions

Useful PayTo References

  1. PayTo Branding Portal
  2. PayTo Master Logo Pack
  3. PayTo Marketing Material Site