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Osko (PayID)

Country: Australia (AU)  |  Payment Rail: real_time_payment

RealTimePayment Market Adoption: 55%

Osko by BPAY is Australia's real-time interbank payment service using PayID (mobile/email/ABN) as an alias, delivering near-instant transfers 24/7 between all participating Australian banks.

🔄 User Payment Flow

  1. Merchant provides PayID (mobile number, email, or ABN) at checkout
  2. Customer logs into their Australian banking app and initiates Osko transfer
  3. Customer enters PayID and payment amount, then authenticates
  4. Funds arrive in merchant account within 60 seconds 24/7

⚙️ Characteristics & Settlement

Instant PaymentYES
Supports QRNO
Supports RecurringNO
Supports RefundYES

🛠️ Merchant Integration Steps

  • Merchant registers PayID with their Australian bank or via Stripe / Adyen
  • Merchant displays PayID at checkout for customer to initiate transfer
  • PSP or bank notifies merchant of incoming Osko payment via webhook

🚀 Supported Payment Gateways & Acquirers (PSPs)

🔌 Stripe🔌 Adyen