Decommissioning of the Bulk Electronic Clearing System: RBA Risk Assessment March 2025

The Bulk Electronic Clearing System (BECS) is Australia’s primary system for account-to-account (A2A) payments. In 2023, industry announced intentions to decommission the BECS framework, identifying 2030 as the target end date. In 2024, the Payments System Board asked the Reserve Bank of Australia (RBA) to undertake a risk assessment of the payments industry’s proposal to decommission BECS. This report presents the RBA’s risk assessment on the intended decommissioning of BECS.