Gilbert + Tobin (G+T) has advised Banked on its acquisition of 100% of Waave, an Australian real-time payments technology platform, supporting Banked’s continued global expansion in the Pay by Bank space.
This acquisition positions Banked to further develop its Pay by Bank platform, with Waave’s advanced technology enabling secure, efficient account-to-account payment solutions. A critical factor in the deal was Waave’s strategic partnership with Chemist Warehouse, which will integrate Waave’s capabilities to enhance its online and in-store payment offerings.
The transaction was led by partner Ilona Hunnisett, with support from lawyer Olivia Tabbernal.
Commenting on the transaction, Ilona Hunnisett said: “We’re thrilled to have assisted Banked in its acquisition of Waave as this transaction demonstrates Banked’s commitment to deliver on its vision to create a truly global Pay by Bank network”.
