- The A2A Payments Roundtable in Australia has called for feedback on its draft report.
- Industry stakeholders are encouraged to provide feedback before a May 22 deadline.
- Emerging technology inputs could lead to an inevitable adaptation of the solution.
Australia moved a step closer to its vision of a high-level account-to-account (A2A) payments system with the release of a draft report for industry stakeholder feedback. According to reports, the work aims to provide certainty to stakeholders on the long-term strategic direction for A2A payments and to anchor the industry’s development of A2A payments products, services, and underlying infrastructure.
The Core of the Report
It is worth noting that the A2A Payments Roundtable, which released the report, comprises Australian Payments Network (AusPayNet), Australian Payments Plus (AP+), the Reserve Bank of Australia (RBA), and the Commonwealth Treasury. On Thursday, April 30, the group called for feedback from the stakeholders, opening the window for them to submit observations until May 22, 2026.
Announcing the document’s release, the group clarified that it produced the draft vision following extensive engagement with stakeholders and drawing on the previous year’s consultation on the future of A2A payments undertaken by AusPayNet and AP+.
For context, A2A payments in Australia refer to direct bank-to-bank transfers that bypass card networks (like Visa/Mastercard) and traditional intermediaries. The regional solution is primarily facilitated through the New Payments Platform (NPP) and PayID. It delivers instant settlements, secure, and low-cost offerings that serve as viable alternatives to card payments.
A Window for Evolution
Opening the process to inputs and feedback from payment industry stakeholders provides a window for blockchain and digital asset solutions to encroach into the Australian A2A payments ecosystem. Tokenized asset providers could view this as a mainstream encroachment opportunity and provide feedback that may lead to the existing system requiring significant adaptation.
It is no gainsaying that the digital asset industry is making significant headway into the mainstream financial sector. This aspect of the emerging technology ecosystem capitalizes on the underlying technology’s characteristics to deliver products that are cheaper and more efficient.
How Stakeholders Can Participate
In the meantime, the Australian A2A Payments roundtable provides avenues for participants to access the draft vision, alongside a submission email. The group noted that all submissions will be shared with the roundtable members, unless otherwise specified by the respondent. However, respondents can choose to submit directly to any member of the A2A Payments Roundtable and not use the provided email.
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