Transaction banking
Whether a client’s business requires straightforward transactions or has more complex requirements, Westpac can provide customised solutions that meet these needs in any stage of the business cycle. Our priority is to provide clients with innovative cash management and transactional solutions backed by state-of-the-art technology.
New Payments Platform
The New Payments Platform (NPP) makes real-time clearing and settlement between consumers and businesses a reality using Osko by BPAYTM. It will also simplify payments using PayID and allow additional payment information.
Managing your payables
No matter who you are paying, the payment options you choose can be critical to managing your business. By understanding your key business needs, Westpac's Transactional Banking team can tailor the best solution for your business.
Managing your receivables
Striking a balance between offering convenient payment methods to your customers and implementing low cost solutions for your business can give you a competitive advantage. Our Transactional Banking team understands the options available and specialises in structuring the right innovative solutions for your business.
Coupa procurement solutions
Coupa is a cloud-based business spend platform that digitises the purchasing and procurement process- from sourcing and supplier management to budgeting, reporting, and expense management.
Managing working capital
Managing cash is about more than earning competitive interest rates. We match our customers with cash solutions to enable cash to be managed effectively.
Connecting with Westpac
Westpac connects your business to a global market with Corporate Online, Westpac Integrated Banking Services, QuickService and SWIFT for Corporates.
Driving real-time treasury advantage
We're reimagining the payments landscape with integrated technologies that track and manage transactions in real time to put you – and your customers – in control.
Latest articles on payments
Payments: Building the future of banking in real-time
Banks are moving fast, embedding new technologies to embrace the push to real-time payments that’s coming from customers, regulators, payment schemes, and new competition within Australia and across the globe. The impact is transformational and will provide better outcomes for both consumers and large institutions.
Streamlining payments for businesses and governments in real-time
A unique Westpac payments platform is making real-time payments for large organisations seamless and safe.
Payments transformation: Get ready for exponential change
There’s no time to lose with a new strategic plan for Australia’s payment system enmeshing all industry players in a seven-year transformation journey, but it’s just one of many forces to watch.