(16 December 2024 – Australia) ANZ has announced the expansion of ANZ Express Payments, with inbound cross-border payments from all AUD Clearing Services customers, up to A$500, now processed in near-real time (RT), seven days a week.
After becoming the first major Australian bank to execute a cross-border transaction in near-real time in July 2024, more than 400 international banks can now access ANZ Express Payments, which routes eligible payments via Australia’s fastest payments network, the New Payments Platform (NPP). ANZ plans to increase the A$500 cap in the future via a staged rollout.
“ANZ is proud to be a leader in international and cross-border payments and this change means Australians can benefit from ANZ’s investment in technology, even if they don’t bank with ANZ. The activation of ANZ Express Payments for all AUD Clearing Services customers marks a significant step in our rollout of the Express Payments system” commented ANZ Managing Director, Transaction Banking, Lisa Vasic.