National Australia Bank buys A2A payment company Banked

NAB will fully integrate Banked in the coming months.

National Australia Bank (NAB) has acquired Banked, a technology payments provider, for an undisclosed amount.

Banked specialises in “account-to-account” payments technology, where merchants receive funds directly from a customer’s bank account.

In the immediate term, the Banked group of entities will operate as wholly owned subsidiaries of NAB. NAB said it plans to integrate Banked in the coming months. 

NAB’s venture capital fund, NAB Ventures, previously invested in Banked over three funding rounds across 2022, 2023, and 2024, and is a minority shareholder in Banked.

NAB has utilised Banked’s technology since 2024 for its business customers.

Banked can offer a faster and lower‑cost way for merchants to get paid and offers a smooth checkout experience, said Shane Conway, NAB group executive - transformation.

“Bringing Banked into NAB will continue to make it easier for customers to connect with us and manage payments, reconciliation and settlement in one place,” Conway said in a statement published on 14 May 2026.

Founded in 2018, Banked is a pay by bank and orchestration platform offering account-to-account payments.