But in addition, when making an NPP payment to a PayID, the sender will be shown the name of the account to which they are paying and have an opportunity to confirm that they wish to make the payment. This is an extra step that will assist payers to make sure they are paying who they think they are.
UCBs need to capitalise on this advantage, else their potential customers will be covered by the commercial and regional rural banks and UCBs will lose a good business opportunity.