Press Release

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.

Visa launches Visa A2A, an open system to bring consumer control and protection to account-to-account payments that introduces an easy and safe way to pay recurring bills with bank transfers and makes it easier for consumers to get their money back if something goes wrong. Designed with leading UK fintechs and in collaboration with key industry partners including Banked, it will unlock an easier, safer way to pay by bank from early 2025.

Customers of fintech lender Plenti now have a new way to make additional loan repayments, made possible with National Australia Bank’s (NAB) Pay by Bank solution, which enables PayTo transactions. This innovative technology, developed by global fintech Banked in partnership with NAB, enables fast and secure payments straight from a user's bank account.

FIS, a global leader in financial technology, today announced it has entered a strategic partnership with Banked, a leading provider of open banking solutions, to drive new pay-by-bank offerings for both businesses and consumers.

This raise helps further our mission to create a global two sided payments network for the benefit of businesses and consumers.