Difference between PayID and PayTo

This table summarizes the main differences between PayID and PayTo.

	PayID	PayTo
Definition	PayID is an alias that links to a bank account.	PayTo is a payment agreement between a payer and a payee.
Use Case	One time payment	Recurring payment
Payment Address	Dynamically / Static Generated	Through a payment agreement
Ease of use	Users need to open their mobile or web banking application and make a payment to the generated PayID each time.	Users only need to set up the payment agreement once. After that, the merchants can initiate the payment on behalf of the users.
Popularity	Widely adopted	Relatively new