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Osko: Fast, Secure, and Simple Money Transfers Between Banks

Osko is a payment solution that enables users to send money quickly and securely between participating banks within online banking. With the ability to complete transactions in under a minute, Osko operates 24/7, including weekends. The service offers a simple alternative to traditional banking methods through the use of PayID, allowing payments to be made via mobile numbers or email addresses.

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FAQs

What is Osko?

Osko is a payment solution that facilitates fast and secure money transfers between participating banks, enabling transactions to be completed in under a minute.

How does Osko ensure security for transactions?

Osko payments are made within users' online banking platforms and are backed by BPAY, adhering to both bank and industry security standards.

What is PayID and how does it relate to Osko?

PayID is a registered phone number or email address that can be used instead of a BSB and Account Number for making payments through Osko.

When can users make payments using Osko?

Osko payments can be made 24/7, including weekends, providing users with flexibility and convenience.

How many banks currently support Osko?

Osko Payments is available in over 60 banks, with plans for further expansion in the coming months.

What distinguishes Osko from BPAY?

While BPAY is primarily used for paying bills, Osko excels in facilitating fast person-to-person money transfers.

Q: How often does Osko experience outages?

A: Major outages are rare, occurring only a few times a year. Minor issues can happen more frequently.

Q: How long do Osko outages typically last?

A: Most outages are resolved within a few hours. Extended outages lasting more than a day are extremely rare.

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