Revolut has introduced PayTo, a new feature that simplifies payments and account management.
Developed by NPP Australia, PayTo offers a digital alternative to traditional direct debits, allowing users to authorise and manage real-time payments from their Revolut accounts.
It can be used to top up accounts or manage payments for utility bills, subscriptions, or gym memberships, giving users greater control over recurring commitments.
NPP Australia stores all new agreements in an encrypted database, providing an extra layer of security.
PayTo also integrates with Revolut’s security features, letting users see which accounts and merchants can withdraw funds and pause, resume, or cancel agreements instantly.
The feature simplifies the management of multiple bills and subscriptions and sends real-time notifications to keep users informed.
“At Revolut, we believe that managing your money should be simple, secure and stress free,”
said Matt Baxby, CEO of Revolut Australia.
“The launch of PayTo is a significant milestone in our mission to become the ultimate financial super-app. By giving our customers the ability to see, manage, and cancel their payment agreements in real-time, we are putting the power back into the hands of our customers.”
PayTo payments occur in real time, allowing customers to top up accounts and set up auto-payments with immediate confirmation.
Users select PayTo as a payment option in the Revolut app or on a merchant platform.
They then provide their BSB and account number or PayID and authorise the agreement through their non-Revolut banking app.
Once approved, they can complete top-ups and manage payments directly, including pausing or cancelling agreements.
PayTo gives users clearer visibility and control over transactions, reducing uncertainty over pending payments and helping them maintain an accurate view of their available balance.
The feature also supports Revolut’s expansion in Australia and its focus on localised financial technology solutions.
Featured image credit: Revolut press release
