With BECS retiring in 2030, $17 trillion in annual payments will shift to real-time infrastructure, marking one of Australia’s biggest financial transformations.
This change brings major opportunities: faster settlements, richer data, and more innovation. Businesses can enhance customer experiences through instant, data-rich transactions, while citizens will benefit from more reliable payroll, super, and welfare payments.
But realising these benefits requires action now. Migrating to the New Payments Platform (NPP) means re-engineering systems, boosting resilience, and aligning across a fragmented value chain. Those who delay risk operational disruption, falling behind competitors, and losing customer trust in a rapidly evolving market.
Baringa is helping organisations deliver faster, smarter, and more resilient payment ecosystems, from designing future-ready architectures to leading readiness programs that turn transformation into tangible results.
Understanding the shift to real-time payments
Australia’s BECS migration: Your questions answered
How significant is the transition? How will the change occur? Find answers to the most frequently asked questions on the BECS migration.
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Australia's payments future: Four priority actions for corporates
With BECS retiring by 2030, here are four actions your organisation can take now to confidently navigate the shift to real-time payments.
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Getting ready for life beyond BECS: Key actions for banks
With BECS retiring, banks have a critical window to lead Australia’s shift to real-time payments, and the time to act is now.
Read moreOptimising and modernising Australia’s payments future
Reimagining the payments function
Right now, there’s a huge opportunity for banks to transform payments from a cost line item into a valuable new revenue stream. We explore what it will take for banks to tap into this revenue-generating opportunity and deliver sustained growth and long-term value creation.
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Maximising the value of your payments function
We explore how enterprise value creation can help banks achieve sustainable efficiencies, free up capacity and funding, and transform payments from a utility into a truly commercial revenue stream.
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Why banks need to evolve their legacy payments operating models
Evolving your payments operating model could hold the secret to greater customer-centricity and value creation. Discover our three steps to building a strategy centered on innovation and growth.
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Finding the right modernisation approach: is your payments architecture fit for the future?
How can you take a tailored approach to modernising your payments architecture? We share six steps to determine the best approach for your organisation.
Read morePreparing for Payday Super
Payday Super: Priority actions for Australian super funds
How does Payday Super impact super funds, their businesses, third-party providers and members?
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