Payid Overview
PayID is a feature of the New Payments Platform (NPP) that provides a secure, human-readable address that links to a bank account, enabling the seamless real-time transfer of funds. By leveraging this technology, businesses can provide customers with a unique PayID for them to send a payment directly from their online banking, negating the need to provide their credit card or bank account details.
PayID can be used for various purposes, such as making a once-off purchase online, paying an invoice, or topping up your account balance with a service provider.
