CBA named as latest issuer to enable Eftpos payments on Samsung Pay
Meanwhile, NAB has partnered with Slyp to introduce in-app receipts for customers.
Meanwhile, NAB has partnered with Slyp to introduce in-app receipts for customers.
The acquisition is a strategic move for the payments company as it continues to make inroads in the digital space.
The company, however, was still able to spare AU$170 million to invest in technology infrastructure and AU$200 million in digital and data.
Treasurer Josh Frydenberg said the governance around the system has remained largely unchanged for over two decades.
Afterpay will soon be offering Westpac products and tools to its customers under the deal.
The bank says it is "thoroughly investigating the matter".
The company has introduced a technology and transformation function to drive its digital-first agenda.
San Francisco-based firms Paradigm and Slow Ventures have also been named as new members.
The bank also announced the sale of Colonial First State.
An expected AU$1.06 billion reduction in capitalised software balance is partly to blame.