May be suitable for sole traders and small businesses that want to receive fast payments using a mobile number, email, ABN or Organisation Identifier. When you send money to a PayID, you’ll see the name of the person or business it’s linked to, helping ensure your money goes to the right place. A PayID is a unique identifier linked to a bank account that makes sending and receiving money easy. PayID is available in the online banking of participating financial institutions. This means the same level of security that protects your existing bank account payments will also protect payments made using a PayID. References: payidpokies1