New Payments Platform
E348607
The New Payments Platform is an Australian real-time payments infrastructure that enables fast, data-rich, and flexible bank transfers between participating institutions.
All labels observed (1)
| Label | Occurrences |
|---|---|
| New Payments Platform canonical | 2 |
How this entity was disambiguated
This entity first appeared as the object of triple T3325485 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: New Payments Platform Context triple: [Payments System Board, oversees, New Payments Platform]
-
A.
Unified Payments Interface
Unified Payments Interface (UPI) is an instant real-time payment system in India that enables seamless, interoperable bank-to-bank transfers via mobile devices using virtual payment addresses.
-
B.
Braintree Direct
Braintree Direct is an online payment processing solution that enables businesses to securely accept and manage credit cards, digital wallets, and other payment methods through web and mobile applications.
-
C.
MobilePay
MobilePay is a popular Nordic mobile payment app that allows users to send and receive money, pay in stores and online, and manage everyday transactions via their smartphones.
-
D.
Payments System Board
The Payments System Board is the policy-making body within the Reserve Bank of Australia responsible for overseeing and promoting the safety, efficiency, and competitiveness of the country’s payments system.
-
E.
Chase Paymentech
Chase Paymentech is a payment processing and merchant services provider specializing in credit card and electronic transaction solutions for businesses.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: New Payments Platform Target entity description: The New Payments Platform is an Australian real-time payments infrastructure that enables fast, data-rich, and flexible bank transfers between participating institutions.
-
A.
Unified Payments Interface
Unified Payments Interface (UPI) is an instant real-time payment system in India that enables seamless, interoperable bank-to-bank transfers via mobile devices using virtual payment addresses.
-
B.
Braintree Direct
Braintree Direct is an online payment processing solution that enables businesses to securely accept and manage credit cards, digital wallets, and other payment methods through web and mobile applications.
-
C.
MobilePay
MobilePay is a popular Nordic mobile payment app that allows users to send and receive money, pay in stores and online, and manage everyday transactions via their smartphones.
-
D.
Payments System Board
The Payments System Board is the policy-making body within the Reserve Bank of Australia responsible for overseeing and promoting the safety, efficiency, and competitiveness of the country’s payments system.
-
E.
Chase Paymentech
Chase Paymentech is a payment processing and merchant services provider specializing in credit card and electronic transaction solutions for businesses.
- F. None of above. chosen
Statements (46)
| Predicate | Object |
|---|---|
| instanceOf |
payment system
ⓘ
real-time payments infrastructure ⓘ |
| abbreviation | NPP ⓘ |
| availability |
24 hours a day
ⓘ
365 days a year ⓘ 7 days a week ⓘ |
| benefit |
enhanced payment innovation
ⓘ
faster funds availability ⓘ improved payment data quality ⓘ |
| clearingMechanism | real-time clearing ⓘ |
| country | Australia ⓘ |
| currency | Australian dollar ⓘ |
| enables |
fast payments between participating institutions
ⓘ
real-time bank transfers ⓘ |
| feature |
24/7 availability
ⓘ
ISO 20022 ⓘ
surface form:
ISO 20022 messaging standard
near-instantaneous settlement ⓘ overlay services capability ⓘ |
| governanceBody | NPP Australia Limited ⓘ |
| hasComponent | Fast Settlement Service ⓘ |
| hasOverlayService | Osko ⓘ |
| industry | payments ⓘ |
| launchCountry | Australia ⓘ |
| objective |
enable real-time low-value payments
ⓘ
modernise Australia’s payments infrastructure ⓘ |
| operatesIn | Australia ⓘ |
| operator | NPP Australia Limited ⓘ |
| participantType |
authorised deposit-taking institutions
ⓘ
financial institutions ⓘ |
| settlementCurrency | Australian dollar ⓘ |
| settlementModel | real-time gross settlement ⓘ |
| settlementServiceProvider | Reserve Bank of Australia ⓘ |
| supports |
24/7/365 operation
ⓘ
PayID addressing ⓘ account-to-account payments ⓘ business payments ⓘ consumer payments ⓘ credit transfer payments ⓘ data-rich payments ⓘ flexible payment messaging ⓘ government payments ⓘ payment addressing via aliases ⓘ rich remittance information ⓘ |
| timeToSettle | in seconds ⓘ |
| transactionType | low-value payments ⓘ |
| usesStandard | ISO 20022 ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: New Payments Platform Description of subject: The New Payments Platform is an Australian real-time payments infrastructure that enables fast, data-rich, and flexible bank transfers between participating institutions.
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.
subject surface form:
Australian Financial System