National Australia Bank Acquires Global Payments Platform for Undisclosed Sum

MT Newswires Live

05/14

National Australia Bank (ASX:NAB) acquired Banked, a global technology platform that allows customers and merchants to make and receive payments instantly, according to a Thursday statement from the bank.

Financial terms were not disclosed.

The deal will integrate Banked's checkout and orchestration technology with NAB's banking infrastructure.

NAB had been an investor in Banked through NAB Ventures since 2022 and a user of its technology since 2024, the filing added.

The bank's shares fell around 2% in recent Thursday trade.

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