Bpay is an Australian electronic bill payment service that lets users pay for various services to any company or forex broker that is registered with Bpay. The company behind the service was started in 1997, and is owned by four of the biggest banks in Australia.
Bpay is primarily an option for forex brokers and traders in Australia, as it is not widely used in other countries. Given the huge popularity of the service, and the great convenience it offers in Australia, it is probably among the best ways for Australian forex traders to fund their trading accounts with domestic brokers. Today, more than 45,000 businesses across Australia are signed up to use the platform.