- NAB’s Pay by Bank (PayTo) solution now available at checkout on Amazon’s Australian store
- New cardless payment option provides Amazon shoppers with an easy and safe way to pay
- PayTo provides a simple, secure payment experience for customers and merchants
Customers shopping on Amazon.com.au can now use ‘PayTo’ to make a purchase directly from their bank account in a seamless, secure way, removing the need to provide card details.
The new PayTo payment option gives Amazon.com.au customers visibility and control over their payments by facilitating the safe authorisation of PayTo arrangements via their online banking platform.
Once approved as an online banking payment method, Amazon shoppers can use PayTo to initiate one-off or recurring payments straight from their bank account, with a single click.
NAB Executive, Enterprise Payments and Technology Modernisation, Shane Conway said the launch of PayTo on Amazon’s Australian store was a win for its customers, its sellers and the continued simplification of digital payments.
“Our goal is to provide our business customers with simple, safe and convenient payment options to support their growth and customers with excellent experiences,” Mr Conway said.
“By integrating our new Pay by Bank (PayTo) capability into its Australian store, Amazon is providing its customers with a new, easy, and secure way for them to pay, while at the same time delivering a cost efficient, instant payment solution for its business.
“Once Amazon shoppers add and approve PayTo as a payment method via their online banking, there will be no need for them to remember card, account, or reference details. It’s super simple.
“For many businesses – in particular retailers – PayTo lowers the cost of doing business, while also helping to mitigate the risk of fraud. As a result, we’re seeing more businesses adopting PayTo, and we expect this to continue into 2025 and beyond,” Mr Conway said.
Sujit Misra, Director of APAC Payments for Amazon, said, “At Amazon we always follow the lead of our customers, and as we continue to see their preferences shift toward banking apps and instant payment methods, we are excited to add PayTo as a payment option on Amazon.com.au.
“This adds a simple, secure and convenient payment solution ensuring our customers have choice and can pay according to their preferences when they checkout on Amazon.”
More information on NAB Pay by Bank (PayTo) is available here
To learn more about using PayTo on Amazon.com.au, please visit here
Notes to editors
- PayTo is an initiative of Australian Payments Plus, operator of Australia’s real-time payments infrastructure, in collaboration with banks, fintechs and payment services providers. It is currently available to 95% of all retail bank accounts in Australia.
- The utilisation of account-to-account payments is rapidly expanding, with 102 million Australian accounts able to make and receive payments via Australia’s real time payment infrastructure enabled by Australian Payments Plus.
- NAB Pay by Bank brings together the functionality of PayTo and the e-commerce capabilities of global fintech Banked, to provide businesses and governments with a fast, simple and secure way to initiate one-off or recurring payments directly from customers’ bank accounts.
- Global fintech and NAB Ventures portfolio company, Banked, supported the development and launch of the Pay by Bank solution. NAB invested in Banked in 2022: NAB Ventures invests in Banked – NAB News
