Seeking to cash in on the modernisation of payments flows surrounding strata buildings and their suppliers, NAB has taken a 15% stake in ASX-listed Urbanise.

NAB and Urbanise Strata announced their new partnership yesterday.

The partnership will integrate NAB payment solutions and business banking services into the Urbanise platform. 

Urbanise currently works with around one third of Australia’s major strata managers.

“Once the Data and Payments Integration Service is launched in early 2026, property owners will be able to pay strata levies directly from the platform using payment methods that suit them, and strata managers will enjoy easier payment reconciliation” NAB Business Executive Paul Riley said.

“With more high-density housing and greater growth in Australia’s strata market, it’s an opportune time to streamline how strata payments are made and managed,” Riley said.

Simon Lee, Urbanise’s CEO said “across the strata industry, we estimate that over $10 billion in strata funds are deposited within the banking sector each year.’

Lee estimated that “each year more than $20 billion is generated through annual transactions involving strata levies and supplier payments.”

NAB has the option to take a further 5% stake in Urbanise.

Shares in Urbanise increased 15 per cent to 10 cents yesterday.