NAB & Amazon bring PayTo® payment for Amazon customers in Australia
By Gloria Mathias
NAB has announced the launch of NAB’s Pay by Bank (PayTo) solution on Amazon’s Australian store. NAB’s Pay by Bank (PayTo) solution will be available to consumers at checkout.
This new cardless payment option makes it easy and safe for Amazon shoppers to pay. PayTo offers a simple, secure payment experience for customers and merchants.
The new PayTo payment option gives Amazon.com.au customers visibility and control over their payments by facilitating the safe authorisation of PayTo arrangements via their online banking platform.
NAB Executive, Enterprise Payments and Technology Modernisation, Shane Conway, said the launch of PayTo on Amazon’s Australian store was a win for its customers, its sellers, and the continued simplification of digital payments.
“Our goal is to provide our business customers with simple, safe, and convenient payment options to support their growth and customers with excellent experiences,” Conway said.
“By integrating our new Pay by Bank (PayTo) capability into its Australian store, Amazon is providing its customers with a new, easy, and secure way for them to pay while at the same time delivering a cost-efficient, instant payment solution for its business. Once Amazon shoppers add and approve PayTo as a payment method via their online banking, there will be no need for them to remember their card, account, or reference details. It’s super simple.”
“For many businesses, in particular retailers; PayTo lowers the cost of doing business while also helping to mitigate the risk of fraud. As a result, we’re seeing more businesses adopting PayTo, and we expect this to continue into 2025 and beyond,” Conway added.
Sujit Misra, Director of APAC Payments for Amazon, said, “At Amazon, we always follow the lead of our customers, and as we continue to see their preferences shift toward banking apps and instant payment methods, we are excited to add PayTo as a payment option on Amazon.com.au. This adds a simple, secure, and convenient payment solution, ensuring our customers have choice and can pay according to their preferences when they checkout on Amazon.”
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