PayPal Taps Into the NPP for Instant Transfers to Bank Accounts

iTnews

“PayPal has introduced a new feature enabling transfers from PayPal balance to domestic bank accounts and Visa debit cards within one minute. The feature uses the New Payment Platform (NPP) through PayPal’s partnership with the National Australia Bank (NAB) and Visa’s real-time payments platform, Visa Direct. It is available for transfers as low as $2 with maximum transfers dependant on individual consumer history. Through Visa Direct, the feature also allows users to send domestic instant transfers to eligible Visa debit cards.”