
CommBank's x15ventures Launches PaidIt to Automate
Payments & Embedded FinanceCommBank's venture-scaling arm x15ventures launched PaidIt on 25 August 2026, an end-to-end platform that verifies recipients and delivers payouts via the New Payments Platform, PayID and ConnectID when contact details are incomplete. The launch precedes Australia's cheque phase-out — government use ends 2028, the full system by 2030 — and targets billions in unclaimed payments.

