'Request For Payment' Project Faces Hurdles To Adoption In Australia

A consortium of Australian banks has touted request for payment (RfP) as one of the leading potential use cases for instant payment infrastructures, but the banks are coming under fire domestically for their reluctance to implement such measures themselves.

The New Payments Platform (NPP), which runs the country’s new real-time payments infrastructure, published a white paper on Tuesday examining the status of real-time payments in various jurisdictions around the world.

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