PayTo available in Australia

Stripe introduces PayTo, a real-time payment method now available in Australia for one-time and recurring payments.

• •PayTo allows customers to pay using their PayID (email or phone) or bank account details at checkout
• •The payment flow involves customer authorization through their bank, enabling real-time settlement in AUD
• •Merchants benefit from lower transaction fees compared to card payments and reduced cart abandonment
• •Integration is available via Stripe Payment Element or Checkout with no additional engineering work required
• •Australia's payment landscape shows cards at 64% and wallets at 22% market share, with PayTo targeting bank transfer growth