NAB Acquires Fintech Banked, Making Payments Easier for More Businesses

NAB Acquires Fintech Banked, Making Payments Easier for More Businesses

NAB has acquired Banked, a global technology platform provider that helps customers and businesses make and receive payments instantly through a market-leading digital checkout experience. The acquisition strengthens NAB’s innovative payments capability and aligns with its strategy to help more businesses receive payments faster and at a lower cost. The platform uses “account-to-account payments” technology which can be cheaper and faster for cu…

London fintech Banked acquired by Australian banking giant NAB to help businesses receive payments faster

Australian banking giant NAB has acquired London fintech Banked to strengthen its real-time payments capabilities Banked’s account-to-account payment technology enables faster and lower-cost transactions by bypassing card networks NAB plans to integrate Banked’s technology into its payments infrastructure in the coming months London fintech Banked has been acquired by Australian banking group National Australia Bank (NAB) as competition intens…