Banking News

Queensland Government Partners CBA for Government Banking and Payment Services

(7 May 2024 – Australia) Commonwealth Bank (CBA) has been selected by the Queensland Government to provide holistic banking and payment services for a minimum term of five years.

CBA will manage banking and payment services to all Queensland Government agencies over a five-year term, with two three-year options to extend.

Building on a strong and enduring strategic relationship, the partnership will deliver fit for purpose solutions, tailored cash management as well as payments and merchant acquiring capabilities, to support the State’s priorities in building a prosperous Queensland.

“The bank will utilise its product innovation capability to deliver better outcomes for Queensland. We are delighted to be given the opportunity to continue our 30-year relationship with the Queensland Government to deliver on the vision to create a thriving, inclusive Queensland” commented CBA Group Executive Institutional Banking and Markets, Andrew Hinchliff.

“Our long-standing commitment to technology and innovation will help in delivering better services for Queenslanders to do business with their government now and in the years to come. Combined with our advanced analytics and economic insights, we will provide support to the Queensland Government to make timely and informed data-driven decisions to meet the evolving needs of the State.”