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The Reserve Bank of Australia Reveals Plans for Email & Mobile Bank Transfers

  • ZDNet, Friday, September 23, 2016 7:54 AM

The Reserve Bank of Australia (RBA) has plans to release a new payment platform that will allow users to do real-time funds transfer between bank accounts with simply an email address or mobile phone number. The so called "instantaneous payment" option on the forthcoming system is supported by new government infrastructure. 

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