Banking News

NAB Introduces App to Turn Phones into Payment Acceptance Devices

(20 October 2022 – Australia) National Australia Bank (NAB) has launched a new mobile app called “The NAB Easy Tap” aimed for small businesses.

The app utilises tap on phone technology. It promises no minimum purchase amount and upfront cost while providing real-time sales data. This announcement comes after rival Westpac, earlier this year,  began offering small businesses similar technology for accepting contactless payments via Android phones.

NAB Group Executive, Business and Private Banking Andrew Irvine said NAB was making it easier for small business customers to run and grow their businesses.

“I’ve spoken with hundreds of small business owners around Australia, and the themes are clear: they want time back and they want their banking to be simple and digital,” Mr Irvine said.

“This is perfect for Australians with a side hustle – think your local farmers market, coffee carts and mobile hairdressers who don’t want to lug around a payment terminal or dongle and who are looking for instant insight into how their business is performing.”