NAB Ventures backs future payments hopeful DataMesh
Summary
It began a full-scale roll-out in 2021, aided by Accenture, which has been helping craft its global expansion strategy and shepherd it through regulatory approvals. “With our model, banks don’t need to provide the switch, terminal or certification [of a new payments system], but they still get to keep the merchant relationships. NAB Ventures managing director Amanda Angelini said the bank was aware of the need to offer merchants flexibility in how they received payments. “We see how DataMesh’s technology can give merchants greater opportunities and capability, making them a great fit for NAB Ventures’ portfolio,” she said. ”We just acquired one large global banking customer ... and I’m hopeful we’ll sign one in Australia in the coming weeks,” he said.