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Westpac wins New South Wales Government Banking Contract


22 April 2013

Westpac Institutional Bank (Westpac) today confirmed it has been reselected by the New South Wales Government to provide transactional banking services for the next five years.

Under the agreement, Westpac will partner with the NSW Government to provide a range of banking services that support innovative approaches to public service delivery and engagement with the community and industry.

Chief Executive, Westpac Institutional Bank, Rob Whitfield said: “As the main banker to the NSW Government for the past 10 years, Westpac looks forward to continuing to work with the NSW Government to support its aim of making transactions with public services simpler.”

“The community is increasingly moving online to connect and transact with the Government. Whether it is through the proposed Service NSW one stop shops or simplifying the way people register and pay for services like licenses and toll roads, we are well positioned to link the community through our innovative payment platforms.”

“Drawing on the Bank’s significant investment in technology and its experience in implementation of Government projects, Westpac is well placed to deliver on this community and industry need,” Mr Whitfield said.

Westpac is the market leader in banking and transactional services, having been recognised for nine years running as Lead Domestic Bank by Australia’s largest companies and institutions in transactional banking surveys by Peter Lee and Associates.

Westpac’s ongoing investment in technology is channelled through its wholly owned payments software company, which has created a range of transactional products and platforms.

“We are extremely privileged to be able to continue our partnership with the NSW Government and remain committed to support them in delivering efficiency dividends, improved productivity and enhanced services to the public,” Mr Whitfield said.

About Westpac

Westpac Banking Corporation (Westpac) was founded in 1817 and was the first bank established in Australia. Today, the Westpac Group has branches and controlled entities throughout Australia, New Zealand and the near Pacific region and maintains offices in key financial centres around the world including London, New York, Hong Kong, mainland China, Singapore and India. Westpac Group employs approximately 37,000 people and has three key customer facing divisions through which we serve around 12 million customers.

About Westpac Institutional Bank

Westpac Institutional Bank (WIB) delivers a broad range of financial services to commercial, corporate, institutional and government customers with connections to Australia and New Zealand.

WIB operates through dedicated industry relationship and specialist product teams with expert knowledge in transactional banking, financial and debt capital markets, specialised capital, and alternative investment solutions.