Transferring money is a fact of modern Australian life, whether you’re sending cash to a mate for last night’s dinner, paying a tradie, or managing payroll. In 2025, the way we request and process money transfers is changing rapidly, thanks to new technology, tighter security, and smarter regulations. If you’re handling money—personally or professionally—understanding how transfer requests work is essential for staying ahead.
The 2025 Landscape: Smarter, Faster, More Secure
Australians are embracing digital money transfer tools more than ever. With the rise of platforms like Osko, PayID, and integrated banking apps, requesting (and receiving) money has never been more seamless. Here’s what’s shaping the space in 2025:
- Real-time transfers: Most major banks now support near-instant transfers, even between different institutions, thanks to the New Payments Platform (NPP).
- Request-to-Pay features: Many banking apps offer ‘request money’ buttons, letting you send formal requests that the recipient can approve or decline directly in their app.
- Reduced fees: Domestic transfers via PayID or Osko are generally free for individuals, but check your bank for business account charges.
- Enhanced security: Multi-factor authentication, biometric logins, and smarter fraud detection have become standard, reducing risks but not eliminating them.
For Australians sending money overseas, 2025 has brought new competition among digital remittance providers like Wise (formerly TransferWise), Remitly, and Revolut—often offering faster, cheaper cross-border transfers than the big banks.
Use Cases: Personal, Business, and Beyond
Money transfer requests are more than just splitting the bill at brunch. Here’s how different Aussies are putting these tools to work:
- Personal payments: Friends and family use PayID or app-based requests to settle shared expenses, gifts, or loans. With PayTo, even recurring payment requests (like rent or club fees) are managed seamlessly.
- Small businesses: Tradies, freelancers, and sole traders can send payment requests directly to clients using digital invoices linked to PayID or bank accounts. Many accounting platforms (e.g., Xero, MYOB) now integrate with instant payment requests.
- Marketplace sellers: Whether on Gumtree or Facebook Marketplace, sellers often use secure payment requests to avoid cash and reduce the risk of scams.
- International transfers: Migrants and expats rely on low-fee international money transfer apps, often using built-in request functions for family support or business remittance.
Real-world example: In 2025, a Melbourne-based graphic designer invoices a Sydney client. Using Xero’s PayID integration, she sends a payment request; the client pays instantly via their banking app, and both parties receive real-time confirmation. No more waiting days for funds to clear.
Staying Safe: Avoiding Scams and Mistakes
With every digital convenience comes new risks. In 2025, money transfer scams remain a top concern for Australians, with the ACCC reporting over $80 million lost to payment scams in the past year alone. Here’s how to protect yourself:
- Verify requests: Always double-check the sender’s details before approving a transfer, especially if the request is unexpected or urgent.
- Use official channels: Send and receive transfer requests through your bank’s app or reputable platforms—avoid clicking on payment links in emails or texts unless you are certain of the source.
- Look for PayID confirmation: When paying by PayID, your bank should show the recipient’s name before you confirm. If it doesn’t match, stop immediately.
- Report suspicious activity: If you receive a dodgy request, contact your bank and report it to Scamwatch. Acting fast can sometimes recover lost funds.
- Stay informed: Many banks now offer push notifications for incoming/outgoing requests and payments, so you can spot unusual activity quickly.
In 2025, the government is considering new rules to require real-time scam warnings in all major payment apps—watch this space as regulations evolve.
What’s Next for Money Transfers?
With PayTo rolling out more features this year, expect more businesses to automate payment requests for subscriptions, memberships, and bills. Open banking is also enabling smarter integrations—soon, apps may help you track and manage transfer requests across all your accounts, giving you a clearer financial picture.
As competition heats up, expect faster, cheaper, and more user-friendly money transfer options to keep appearing. But the basics remain: always verify, keep your details secure, and use trusted channels for every transfer request.
