Woolworths & CBA Banking

Woolworths Ltd and the Commonwealth Bank of Australia have finally announced that they are entering into a new banking partnership and will provide details of the new alliance and facilities on Monday.

Industry participants will be eagerly awaiting these details as both supermarkets and banks are hoping to emulate the success of similar ventures in the UK and the US.

With banking customers steadily changing their habits and not using branches, the convenience of banking whilst at the supermarket should prove quite popular.