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Touting deposits and withdrawals can now happen 'in seconds'.
The neobank cites it will focus on other areas instead, such as its US share trading product Dabble.
Alibaba's Ant Group and joint bidders Grab and Singtel are among those that received licences.
Monetary Authority of Singapore will allow eligible non-bank financial institutions to have direct access to PayNow and FAST, enabling e-wallet users to make funds transfers between bank accounts and across different e-wallets.
The grant will be for small financial institutions that adopt digital tools for improving the efficiency of submitting data reports to regulators.
Under the partnership, Afterpay will provide Westpac transaction and saving accounts and other cashflow management tools.
NAB's staff that use work phones will also be provided with the Google Pixel 4a.