2020 Innovation Name: BPAY APIs
Awards: 3rd Most Innovative Banking, Superannuation and Financial Services Company
BPAY Group’s Developer Portal is a one stop shop for developers allowing customers to register and access BPAY APIs. The BPAY APIs allow customers to access key features of BPAY in real time. For example looking up a BPAY Biller to ensure the payee details are correct and creating Customer Reference Numbers and QR Codes in the correct format to help BPAY Biller reconcilitation. These features avoid the need to implement more expensive and complex batch-based solutions, and reduce the overheads of mistaken payments for customers.
The API program has directly led to three million BPAY transactions in FY19, the majority of which came from new customers. This represents a huge increase in both access to BPAY for Financial Institutions and access to an easy, secure payment option for end-users.