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About BPAY BPAY was set up to provide consumers with a convenient and secure way to pay their bills and to create a more efficient collection service for billers and financial institutions.
Initially over the telephone and later using the internet, BPAY provides Australians with greater choice on how, when and where they pay their bills.
When it was launched in November 1997, nine financial institutions offered BPAY.
Now, more than 177 Australian financial institutions, ranging from banks to credit unions and covering about 90 per cent of the consumer banking market, belong to the scheme.
More than 13,000 biller codes covering companies, utilities and government departments now accept payment via BPAY, including Australia's top billers. Each month, 14 million bills worth $9 billion are paid using BPAY, and more than 73 per cent of these are paid over the internet. Source: BPAY website
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