Articles on: About Nine25

Does Nine25 work like a bank?

Nine25 uses a lot of technology that's used by leading banks around the world. Our digital wallet and payments technology is facilitated by Zai, which is wholly owned by Standard Chartered Bank based in London, operating across 70 countries, employing 87,000 people.

Within Australia, Nine25's Virtual Accounts are provided by Zai backed by Cuscal Limited, a local authorised banking institution. Our Virtual accounts are non cash out and non interest bearing accounts.

Virtual Accounts can transact and act similar to bank accounts but importantly cannot be referred to as a bank account.

Updated on: 11/07/2022

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