NAB launches mobile app

National Australia Bank is to launch a new push into digital payments through a product called NAB Flik, as competition heats up in mobile banking.

National Australia Bank is to launch a new push into digital payments through a product called NAB Flik, as competition heats up in mobile banking.

NAB has registered a trademark for the logo "NAB Flik" with IP Australia, including an icon that appears to have been designed for a smartphone. The bank has also registered a website under the same name.

The service is tipped to be another push by a bank to win over consumers through mobile digital payments technology, which gives customers the ability to carry out a range of financial tasks on the go.

Commonwealth Bank claims to have had significant take-up with its Kaching application, which allows instant money transfers between customers.

Kaching had processed more than $9 billion in transactions since its launch, after being downloaded 1 million times, the bank said in a recent presentation.

NAB has made improvements in technology and a simplification of its retail products' priorities. This year it launched an overhaul of its IT systems and said it would allow customers to do more banking on a "self service" basis.

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