LOGIN
SUBSCRIBE
UPGRADE
LOGOUT
Open menu
PayDay News - Payments Industry News Australia
Got a story
to share?
Open menu
LOGIN
SUBSCRIBE
UPGRADE
LOGOUT
PayDay News | Australian Payments News

NAB’s Citi gamble enters the proof phase as consumer bank execution comes into focus

Senior Business Correspondent
25 Feb, 2026
Add us as a preferred source on Google
Michael Sainsbury
Senior Business Correspondent
25 Feb, 2026
Add us as a preferred source on Google
With migration complete and proprietary lending rising, NAB is betting scale in cards and direct mortgages will lift returns, but market share and margins indicate the next phase depends on execution.
NAB’s Citi gamble enters the proof phase as consumer bank execution comes into focus
NAB’s Group CEO Andrew Irvine now runs a credit card portfolio equal to CBA.

With migration complete and proprietary lending rising, NAB is betting scale in cards and direct mortgages will lift returns, but market share and margins indicate the next phase depends on execution.

Subscriber article

This article is available to PayDay News subscribers.

Subscribe to continue reading
PAYDAY NEWS ANNIVERSARY EDITION

trending

Post office overhaul could further shrink cash and payments capability
Australia Post promises at least 4,000 retail outlets, but some already operate without cash and hundreds lack Bank@Post, raising questions about what cash and payment services will survive
The Interchange Bench
On The Interchange Bench this week, TNS promotes PAX chief Johnson to global role, Walsh appointed pay’s marketing chief, Younes takes on platforms at Stripe, Edwards lands as
Coles Pay closes as the company steps into bank rewards void
Coles has shut down Coles Pay but is stepping up Flybuys rewards ahead of Christmas just as Australia’s banks cut credit card perks, reframe loyalty offerings and consumers
ASD warns Australian online stores under active cyber attack
Australian merchants using Adobe Commerce and Magento were last week urged to apply security patches immediately after authorities warned a critical vulnerability was being actively exploited.
AUSTRAC crackdown is good for Aussie crypto, executives say
Crypto executives say AUSTRAC’s recent crackdowns will strengthen the industry’s legitimacy.

RELATED STORIES ▸

November 1 is when things get messy
November 1 is when things get messy
November 1 is when things get messy
When the first post-surcharging merchant statements hit struggling small businesses on 1 November, expect a loud and ugly reaction to ...
Coles Pay closes as the company steps into bank rewards void
Coles Pay closes as the company steps into bank rewards void
Coles Pay closes as the company steps into bank rewards void
Coles has shut down Coles Pay but is stepping up Flybuys rewards ahead of Christmas just as Australia’s banks cut ...
Banks line up against Amex as RBA weighs three-party regulation
Banks line up against Amex as RBA weighs three-party regulation
Banks line up against Amex as RBA weighs three-party regulation
Local American Express boss Corrina Davison has found herself increasingly isolated as banks, merchants and card schemes urge the Reserve ...
NAB and AP+ warn card tokenisation closing off least-cost routing
NAB and AP+ warn card tokenisation closing off least-cost routing
NAB and AP+ warn card tokenisation closing off least-cost routing
NAB and Australian Payments Plus (AP+) have warned that card tokenisation could undermine the merchant benefits of least-cost routing, but ...
Debit tips into double digits and pulls away from credit
Debit tips into double digits and pulls away from credit
Debit tips into double digits and pulls away from credit
Debit card spending grew 10.1% over the 12 months to July to $693.2 billion, in the first double-digit reading since ...
ANZ puts December hard stop on Suncorp merchant acquiring
ANZ puts December hard stop on Suncorp merchant acquiring
ANZ puts December hard stop on Suncorp merchant acquiring
Suncorp Bank merchants face a firm December deadline to find a new payments provider, months before 1.2 million Suncorp customers ...

Got a story to share?

Get in touch with PayDay News today!
Click here to email us

Topics

Advertising Enquiry

Fill out the form below, and we will be in touch shortly.

Contact Information

Got a story to share

Fill out the form below, and we will be in touch shortly.

Contact Information