Australia: NPP Australia and SWIFT Launch Sandbox for Testing on National Real-Time Payments System

On October 17, 2018, the New Payments Platform (NPP) Australia announced the launch of a sandbox for testing application programme interfaces (APIs), which was created with global financial messaging provider SWIFT, following high demand for support sought by fintech companies operating in Australia.

The aim of the sandbox is to provide fintechs and participants of the payments industry with a secure and safe environment where they can test their products and the capabilities of the NPP via APIs. The initiative supplements the recently-introduced NPP API framework, again developed with the combined efforts of NPP Australia and SWIFT.

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