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New payment method allows money transfer in real time

money transfer

Online Money transfer Source: Getty Images/karpenko_ilia

Transferring money between bank accounts can be a painfully slow process that sometimes takes several days. But now, Australians have access to a new payment method that allows money to be transferred in real time. While it is faster than the existing system, it has raised questions about whether it could put people at greater risk of fraud.


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By Greg Dyett, Sopharany Hay

Source: SBS




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Transferring money between bank accounts can be a painfully slow process that sometimes takes several days. But now, Australians have access to a new payment method that allows money to be transferred in real time. While it is faster than the existing system, it has raised questions about whether it could put people at greater risk of fraud.



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