Bank of Queensland, which announced last week that it would acquire assets from Investec Bank (Australia), has raised A$183 million through an entitlement offer. With the institutional component of the offer completed, the bank will open the retail offer today. It aims to raise a total of $400 million. BOQ will pay $440 million for Investec's $2.4 billion professional finance and asset finance portfolios. Payday lender Money3 announced that it has indicated commitments of A$30 million to an unlisted bond issue. Melbourne's Thorney Investment Group will subscribe for $15 million. Money3 said it would use the funds for working capital and to expand its consumer lending business. NAB's Clydesdale Bank will not be one of the nine banks involved at the launch of the UK's new payments platform dubbed Paym. The service will provide a secure way for consumers to pay using just a mobile number. The main high street competitors of Clydesdale are all part of the trial. Paym is now open for customers to register their mobile number.