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NSW inks deals with big four banks and Citi to fix payments

Paul Karp

Australia’s big four banks and Citi have signed contracts with the NSW government to provide services for the state’s public sector, which engages in 143 million payments worth $216 billion a year.

From April 1, Commonwealth Bank and National Australia Bank will join the existing three banking partners for the NSW government, a move it claims will improve liquidity and protect against market shocks.

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Paul Karp is The Australian Financial Review’s NSW political correspondent.

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    Original URL: https://www.afr.com/companies/financial-services/nsw-inks-deals-with-big-four-banks-and-citi-to-fix-payments-20250213-p5lbu8