OZEDI and Zepto partner to deliver Australia’s first instant super fund payments

OZEDI and Zepto partner to deliver Australia’s first instant super fund payments

OZEDI, Australasia’s leading digital delivery company, has today announced its partnership with Zepto, the leader in instant and secure account-to-account payments, to launch a new SuperStream service that will allow Australian businesses to instantly and securely pay contributions to super funds for the first time.

The announcement comes shortly after the Australian Government announced that, from 1 July 2026, employers will be required to pay their employees’ super at the same time as their salary and wages.

Traditionally, Australian businesses would pay super contributions via the Bulk Electronic Clearing House (BECS) system which would tie up cash payments for a few days before finalising the transfer of money to respective super funds.

David Field, Director of OZEDI, commented on the partnership, explaining that, “As a result of our partnership with Zepto, OZEDI’s new SuperStream service is able to provide instant payment capability for Australian businesses paying employee super. Unlike the existing BECS system, the ability to provide immediate payments brings significant cash flow advantages to companies.”

In order to incorporate immediate payments into its new SuperStream solution, OZEDI has overcome several technical and commercial challenges and partnered with Fintech scale-up and Business NSW 2022 Business of the Year, Zepto.

Chris Jewell, CEO and Co-Founder of Zepto, said, “We are incredibly excited about establishing an important relationship with OZEDI and delivering a partnership that will positively impact the cash flow of businesses across Australia.”

Existing at the infrastructure layer of the payments ecosystem, Zepto is pioneering a new era of financial services by decentralising access to Australia’s real-time payments rails, the New Payments Platform (NPP), to enable instant payments via PayTo for businesses.  Zepto is the first organisation to enable superannuation payments using PayTo over the NPP.

“The economy is changing, and payments infrastructure needs to change with it. Our direct connection to the NPP puts us in a unique position to support our partners and the wider ecosystem to innovate the flow of value for end-users and customers,” Jewell added.

The NPP is the result of industry collaboration to upgrade the Australian payments system in response to the Reserve Bank of Australia’s Payments System Board’s desire to enable households, businesses and government agencies to make real time payments on a 24×7 basis. PayTo is a service native to the NPP that facilitates pre-authorised, real-time payments between bank accounts.

Katrina Stuart, General Manager, Business Payments, at Australian Payments Plus (AP+) said it was great to see the New Payments Platform and its PayTo service being used for superannuation payments.

“We’re starting to see real-time payment innovations and applications emerge across various industries as awareness and adoption of PayTo grows. We are delighted to see use cases taking shape beyond PayTo simply being seen as a digital version of direct debit. This partnership between OZEDI and Zepto to enable real-time SuperStream payments over the NPP for the first time is one such example. As the industry prepares for the future decommissioning of the BECS framework we expect to see greater adoption of the NPP for superannuation payments alongside other types of corporate payments and government initiatives such as Payday Super is only likely to further accelerate this adoption.”

Zepto was Australia’s first non-ADI fintech approved to connect directly to the NPP as a ‘Connected Institution’ and the first non-bank payments provider to become an Accredited Data Recipient. Similarly, OZEDI was one of the first gateways to join the SuperStream network and continues to be at the forefront of super payments innovation. The partnership represents a shared vision to continuously push the boundaries of what’s possible in payments.