Menu
NAB invests $12 million in local ASP

NAB invests $12 million in local ASP

National Australia Bank (NAB) subsidiary O2e has invested a total of $12 million in local ASP Peakhour in a deal which will see Peakhour's offerings offered to NAB's 350,000-strong SME customer base.

From November, NAB will offer SME customers several online services delivered via a Web browser under the "National" brand. These services include online business banking, accounting systems, cashflow analysis tools, billing and fulfilment, chat, free e-mail and remote office capabilities.

Peakhour CEO David Harrington expects to capture as much as $3000 a year from each NAB customer using those services supplied by Peakhour, adding the deal is a "blue-chip" endorsement of Peakhour's credibility as an ASP. He admits that the wholesale offering may be a "point of contention", considering Peakhour's retail services, but expects little difficulty by having the two channels working side by side.

"We are indifferent to whether we take a customer through a retail or a wholesale arrangement. We have to pay sales and marketing costs for each retail customer, but with wholesale deals like this, the National already has the customers."


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Show Comments