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"We want to be the first bank start-ups choose when partnering."

Macgregor Duncan, Co-Head Westpac Business Development

Our innovation philosophy

Innovation is at the heart of Westpac’s goal to become one of the world’s leading service companies. But we can’t innovate alone. We need to partner with the best start-ups to meet our customers’ needs and remain relevant in a changing world. That’s why we strive to be the first bank start-ups choose when partnering.

How we partner to drive innovation

A faster, simpler way to pay with Osko and PayID

Westpac will soon be offering a new way to pay - in early 2018 you’ll be able to send and receive payments from one participating bank to another in near real-time, 24/7.

Principal Investments

Westpac invests in new businesses to solve strategic challenges, deliver technology capability, and open new growth opportunities.


Westpac’s $100m venture capital fund committed to early stage ventures.

Strategic Partnerships

Westpac partners with start-ups to create new shared value opportunities across any of our products, services, channels or markets.

Solving industry challenges

We invite start-ups to join us in collaborating with our Government and Industry clients to solve key strategic challenges at our Hackathons, Innovation Challenges, and other events we run.

Supporting Australian innovation

We invest in initiatives which support the next generation of leaders and innovators because we believe this is an important way to advance Australia over the next century.

Our latest partners and portfolio investments