Osko

Osko is a mobile P2P transfer service based on real-time interbank transfers. It facilitates funds transfer via the national PayID alias scheme. This allows users to link a mobile phone number, e-mail address or company number to a bank account number.

A number of Australian banks have integrated Osko into their mobile banking apps. Osko runs on the New Payments Platform (NPP), the real-time payments system launched in Australia in February 2018.

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Type Bank transfer
Company behind LPM Bpay
Market share details Osko is available to 42 m consumer and business accounts and is supported by more than 60 financial institutions.
Market relevance High
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