NAB takes on the fintechs by launching NAB Easy Tap

NAB has launched tap on phone payment technology for small businesses in a first for a major Australian bank.

The NAB Easy Tap app is a new solution that allows small businesses to accept contactless payments when customers tap their card or phone on an eligible android mobile phone or tablet.

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,” Irvine said.

“NAB Easy Tap removes complexity and provides real-time sales data via the NAB Hive merchant portal, saving small business owners valuable time.”

With research revealing small business owners continue to cite time and administration as significant pressures, NAB Easy Tap offers an all-in-one product that is quick and easy to use.

“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.”