Australia

Payments and loyalty working together as one seamless experience for the consumer

A new cardless payment option offers Amazon shoppers a convenient and secure way to make payments. This partnership strengthens Banked’s presence in the Australian market for account-to-account payments, demonstrating its commitment to building a truly global Pay by Bank platform. The growing demand for Pay by Bank solutions is being driven by consumer brands worldwide, with Amazon’s implementation of PayTo setting a precedent for tier-one global brands to embrace account-to-account payments.

Banked’s acquisition of Waave underscores our commitment to building a truly global Pay by Bank platform. Waave’s work with Chemist Warehouse in developing best-in-class Pay by Bank solution was a key factor in the deal. As consumer brands - not just banks - drive the global demand for Pay by Bank, combining Waave’s local expertise with Banked’s global capabilities positions us to offer the strongest end-to-end solution in Australia.