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What a coincidence, a fraud protection scheme that happens to make NPP unsuitable for retail payments right off the bat. Surely unintentional and nothing to do with banks and credit cards wanting to preserve their racket of skimming every purchase in the country.

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I've never experienced that, and as others have said, it's not true of all banks; most bill it as near-instant.

I think the biggest barrier to adoption for retail payments is a visibility issue - most people I've spoken to have no idea what Osko or PayID are.

FWIW what GP wrote is not true of all banks in AU. I have made several transfers to new payids recently and they have all gone through immediately.

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