PayTo powers real-time, pay-by-bank funds transfers and greater visibility and control for customers.
Spaceship, the digital investment platform helping Australians invest in their future, has selected Zepto to facilitate PayTo payments for its customers.
"As Zepto surpasses 1.2 million settled PayTo transactions, we’re excited to be partnering with forward-thinking leaders like Spaceship who are committed to innovating the payments experience for customers," said Zepto Strategic Head of Growth, Suzie Slingsby.
The integration of PayTo, a modern alternative to direct debit developed on the New Payments Platform (NPP), will enable Spaceship customers to seamlessly set up and make their investment contributions in real-time, directly from their bank account.
“Spaceship exists to help Australians invest in their future, and we’re always looking for ways to make that experience smoother and smarter,” said Katrina Sly, COO, Spaceship.
“By partnering with Zepto to enable PayTo, we’re giving our customers more control, speed, and transparency over how they move money into their investments.”
Katrina Sly
PayTo represents a significant upgrade to traditional payment methods. Customers benefit from real-time payments from their bank account into Spaceship with instant confirmation, the ability to view and manage active payment agreements within their banking app, and improved security.
For an investment platform like Spaceship, the benefits of PayTo go far beyond speed. Customers can set up recurring contributions to stay disciplined in their investing, or make one-off deposits instantly when they want to capture opportunities. Real-time settlement means funds are available immediately, while visibility and control in their banking app gives customers confidence and security.
“We’re proud to be supporting Spaceship on its PayTo journey. The payments landscape is shifting fast; customers now demand speed, security, and convenience."
Suzie Slingsby.
For Spaceship, PayTo also brings operational efficiency, reducing errors and failed payments so contributions flow seamlessly into customers’ portfolios.
Since launch, Spaceship has grown to more than 200,000 financial members and surpassed $1.5 billion in funds under management. With a shared goal of making investing accessible to anyone, Spaceship was acquired by eToro in 2024.
As a directly Connected Institution on the NPP, Zepto is able to extract unique PayTo data points and market insights. We share those insights in our PayTo Index report which maps the progress, challenges, and opportunities surrounding PayTo adoption across Australia.