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Westpac Bank branch in Rangiora On 22 July 2014, the firm announced that it would pilot a host card emulation (HCE) mobile payments technology to customers. It was the first bank in New Zealand to actively bring HCE mobile payments to market [ 12 ] and one of only a handful of banks globally to be using the innovative 'digital wallet' technology.
Westpac Banking Corporation, also known as Westpac, is an Australian multinational banking and financial services company headquartered at Westpac Place in Sydney, New South Wales. [ 2 ] Established in 1817 as the Bank of New South Wales , it acquired the Commercial Bank of Australia in 1981 before being renamed to Westpac Banking Corporation ...
The following is the list of banks in Australia, as well as restricted authorised deposit-taking institutions (ADI), [1] credit unions, friendly societies and subsidiaries and branches of foreign banks in Australia.
St.George shareholders received 1.31 Westpac shares for each St.George share and owned 28.1% of the new entity. Upon completion of the merger with Westpac, Greg Bartlett (former group executive in charge of St.George Institutional and Business Bank) was appointed CEO of the bank, reporting to Westpac's then-CEO, Gail Kelly.
Banking in Australia is dominated by four major banks: Commonwealth Bank, Westpac, Australia & New Zealand Banking Group and National Australia Bank.There are several smaller banks with a presence throughout the country which includes Bendigo and Adelaide Bank, Suncorp Bank, [1] and a large number of other financial institutions, such as credit unions, building societies and mutual banks ...
During the 19th century, the bank opened branches throughout Australia and New Zealand, expanding into Oceania in the 20th century. Throughout it history it merged with and purchased many other financial institutions. In 1981 it merged with the Commercial Bank of Australia and was renamed Westpac on 4 May 1982.
On 3 April 1997, Westpac made a $1.43 billion bid to acquire the Bank of Melbourne. At the time, Westpac had a branch network almost twice as large in Victoria as the Bank of Melbourne (212 branches), but a smaller share of the local lending and deposit markets (8.6% and 9.1% respectively). [2]
The last tenant, the U.S. Consulate, also found larger quarters elsewhere. The building was assigned as the Bank's biggest branch in the CBD, with nearly 400 staff and about 350 staff from the wider administration of the Bank. [1] In 2002 Westpac Banking Corp sold the site as part of its process of rationalising its property holdings.