A2A volume across NPP and BECS grew 5.7% in the 12 months to July 2026, representing over $21 trillion in economic value; comprising PayTo payment volumes of $3.93 billion, up 98.50% in the same period.
Australia, 9 November 2026 – The New Payments Platform (NPP) drove 71% of new account-to-account (A2A) transaction volume in the 12 months to July 2026, according to Zepto’s 2026 A2A Payments Index, released today. The findings come as businesses look to modernise existing payroll and workforce platforms as Payday Super disrupts the traditional operating model and new obligations are set to raise the cost of getting payments wrong.
Formerly the PayTo Index, the A2A Payments Index combines Reserve Bank data with Zepto platform data to track whole-of-ecosystem trends in A2A payments. The latest edition shares insight into a changing macroeconomic and regulatory landscape, how Payday Super catalysed the modern payroll operating model, and how risk is being managed in the industry.
Following the release of the industry’s Vision for A2A Payments, Zepto CEO & Co-Founder Matt Cheers said the industry’s focus now turns to delivery: “Australia now has a clear vision for A2A payments. But a vision alone does not move a payroll file, resolve a failed supplier payment or make a capability available through every bank channel, business account or software platform that depends on it. The next phase is about embedding real-time, intelligent payments into the software and platforms businesses already use. Reform will be judged not by what we can describe, but by what businesses, employees and consumers can actually rely on.”
Headline A2A findings (12 months to July 2026)
With the outlook for BECS still uncertain, Australian businesses are operating in a dual-rail reality, with the NPP and BECS now growing side by side and serving their own specific purposes.
A2A’s steady rise: Australians moved $21.26 trillion between bank accounts across 5.35 billion transactions in the 12 months to July 2026, an 11% increase in value exchanged.
NPP drives new A2A use cases: 71% of new A2A transaction growth in volume came from the NPP, the real-time payments network behind PayID, PayTo and Osko.
NPP adoption: The NPP accounted for 37% of all A2A transactions, equating to 1.99 billion payments (up 11.9% YoY) worth $2.84 trillion (up 26% YoY).
PayTo a standout for growth: PayTo transaction volumes grew 135.9% to 6.75 million, equating to $3.93 billion in value (up 148.6% YoY). This accounted for roughly two-thirds of all PayTo activity since its 2023 launch (63.9% of volume; 66.5% of value), demonstrating significant adoption.
BECS still carries 86% of A2A value: Direct entry accounted for 3.36 billion transactions (62.8% of total A2A volume) at a value of $18.4 trillion.
Payday Super’s real-time revolution
Since 1 July 2026, employers have had to pay super with every pay run, up to 52 times a year instead of the old quarterly cycle. This represented the most significant change to Australia’s superannuation system in 30 years and has demanded a structurally new operating model for payroll.
Over the past 12 months, Zepto partnered with Employment Hero and OZEDI to work through the practical problems no one in the ecosystem had yet solved at scale to support the transition for businesses. The result was HeroClear, the first payroll-embedded, real-time superannuation clearing solution built on Zepto’s infrastructure. Early data reveals strong adoption of the new operating model:
17,000 business onboarded before the 1 July 2026 deadline; 26,000 as of September 2026.
782,000 super contributions processed in the first month of Payday Super worth $660M
$1.8 billion in total super contribution value processed as of September 2026.
One Central Health, an Employment Hero customer, cut time spent managing super payments by 50%.
"Compliance shouldn't be a second job on top of payroll,” said Rob Dunn, General Manager - Payments, Pensions & Benefits at Employment Hero. “Working with Zepto, we built that directly into payroll, combining our platform with their real-time rails so super payments become a by-product of running payroll, not a separate task employers have to chase or worry about.”
The Zepto platform processed more than one million super contributions worth nearly $1.1 billion in the first two months of Payday Super (July-August 2026). The results show what is driving adoption: real-time payments built directly into the payroll and super software employers already use.
As of October 2026, OZEDI’s certified SuperStream messaging gateway now processes super payments for 40 payroll software companies, powered by Zepto’s infrastructure.
Managing payments risk in a high-volume economy
As the cadence and volume of A2A payments grows, so too does the surface area for risk and the importance of validating before money moves – with payment redirection scams costing Australians $166.8 million in 2025. The Scam Prevention Framework codified this shift, placing legal obligations on banks and platforms to protect customers with penalties of up to $50 million per contravention.
Proprietary data from Zepto Validate, which builds on the industry’s Confirmation of Payee (CoP) service that has been used more than 200 million times since launching in July 2025, showed that one in three lookups (33.1%) returned an actionable signal before payment between January and July 2026. This rose to 59.9% for business lookups, compared with 20.1% for individuals as a result of business name variances – a gap that can lead to mistaken payments or be exploited by scammers impersonating the business if not checked.
“Every transaction is an act of trust, trust that the account details are correct, that the counterparty is who they claim to be, and that funds will land where they are meant to. When close to sixty per cent of business lookups surface something worth a second look, that trust cannot be assumed, it has to be earned,” said Mariana Paun, Chief Business Resilience Officer, Zepto.
Workforce platform Tanda embedded Zepto Validate into onboarding and payroll to catch incorrect bank details before the first pay run, helping prevent payroll-redirection fraud. “One incorrect account name or detail can trigger hours of manual rework, delayed wages and a compliance headache,” said Josh Cameron, Co-Founder & Chief Strategy Officer, Tanda. “For a company with a thousand employees, that’s a real issue, and an expensive one.”
Read the full 2026 A2A Payments Index here: http://a2a-index.zepto.com.au
About Zepto
Zepto pioneers real-time, account-to-account merchant payment solutions for the on-demand digital economy. Its API connects merchants directly to customers’ bank accounts in simple, data-rich, and cost-effective ways. Founded in Byron Bay in 2017, Zepto now processes over $90 billion in account-to-account payments annually.
