National Australia Bank (NAB), one of the leading business banks in Australia, launched Hive, a merchant portal. It will invest $100 million over the next two years to better address the payment needs of the micro and small business segment.
December 05, 2022 | Chris Kapfer- The launch of Hive a key to become more relevant in the merchant acquiring business and fend off competition
- EasyTap turns an Android phone into an EFTPOS reader to accept contactless card payments, offers daily settlement and a 1.4% flat rate per transaction processed
- Competition in the merchant-acquiring business heats up in Australia, underscoring the need for a new revenue stream.
National Australia Bank (NAB) has launched a cloud-based merchant payments portal, Hive. Since taking the helm in December 2019, NAB’s CEO Ross McEwan has been steering a strategic and operational turnaround and accelerating the digital and technology transformation of NAB, the third largest bank in Australia. The bank made a series of market moves since 2019, which include acquiring the digital bank 86 400 and Citi’s consumer bank.
The NAB Hive merchant hub was developed in partnership with NAB and Pollinate, a UK-based fintech. Since investing in Pollinate in 2019, NAB has onboarded more than 21,000 businesses to date.
Launch of Hive a key to become more relevant in the merchant-acquiring business and fend off competition
NAB launched Hive, a fintech innovation engine for its merchant-acquiring capabilities, in which it will invest $100 million over the next two years to better address the needs of the micro, small and medium enterprise (MSME) market in Australia. The bank will create innovative digital-led and customer-centric capabilities that deliver better support to micro and small businesses.
"From a strategic perspective, we are focusing on a digital end-to-end experience to provide a more tailored human advice to our...
Categories:
Keywords:MSME, Digital App, Cloud, Business Bank
National Australia Bank (NAB), one of the leading business banks in Australia, launched Hive, a merchant portal. It will invest $100 million over the next two years to better address the payment needs of the micro and small business segment.
December 05, 2022 | Chris Kapfer- The launch of Hive a key to become more relevant in the merchant acquiring business and fend off competition
- EasyTap turns an Android phone into an EFTPOS reader to accept contactless card payments, offers daily settlement and a 1.4% flat rate per transaction processed
- Competition in the merchant-acquiring business heats up in Australia, underscoring the need for a new revenue stream.
National Australia Bank (NAB) has launched a cloud-based merchant payments portal, Hive. Since taking the helm in December 2019, NAB’s CEO Ross McEwan has been steering a strategic and operational turnaround and accelerating the digital and technology transformation of NAB, the third largest bank in Australia. The bank made a series of market moves since 2019, which include acquiring the digital bank 86 400 and Citi’s consumer bank.
The NAB Hive merchant hub was developed in partnership with NAB and Pollinate, a UK-based fintech. Since investing in Pollinate in 2019, NAB has onboarded more than 21,000 businesses to date.
Launch of Hive a key to become more relevant in the merchant-acquiring business and fend off competition
NAB launched Hive, a fintech innovation engine for its merchant-acquiring capabilities, in which it will invest $100 million over the next two years to better address the needs of the micro, small and medium enterprise (MSME) market in Australia. The bank will create innovative digital-led and customer-centric capabilities that deliver better support to micro and small businesses.
"From a strategic perspective, we are focusing on a digital end-to-end experience to provide a more tailored human advice to our...
Categories:
Keywords:MSME, Digital App, Cloud, Business Bank
