CBA (ASX:CBA) share price stutters despite new fintech partnership

CBA shares are in negative territory on Monday…

| More on:
a woman holds her hands to her temples as she sits in front of a computer screen with a concerned look on her face.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Key points

  • CBA shares are down 0.38% to $93.74 amid an acquisition to enhance customer offerings 
  • CBA now has 20% stake in fintech company Paypa Plane
  • PayTo capability will allow businesses to make and receive real-time direct debit payments 

The Commonwealth Bank of Australia (ASX: CBA) share price is heading south today despite the company's latest investment.

At the time of writing, CBA shares are treading 0.38% lower to $93.74 apiece. It's worth noting that the bank's shares have lost around 7% in the past month.

CBA teams up with fintech Paypa Plane

In an announcement today, Australia's largest bank advised that it has acquired a 20% stake in Brisbane-based fintech Paypa Plane.

Founded in 2018, Paypa Plane is a digital payments provider that helps businesses request and receive digital payments from customers.

Paypa Plane uses PayTo, a new payments platform-based product to allow businesses to make real-time direct debit payments to customers.

CBA's investment is intended to create a digital link between a business and a payer, giving more control and transparency. This means it can provide significant cost savings and cash-flow assurance to businesses, as well as in-built compliance and customer care.

CBA group executive business banking Mike Vacy-Lyle commented:

Our partnership will accelerate CBA's delivery of PayTo for our business customers and over time, open up other new capabilities to revolutionise the payments experience for businesses and consumers.

The New Payments Platform is a significant initiative for Australia's digital economy and has already brought the benefits of real-time payments to consumers and businesses. Today's announcement is part of our continued investment in our payments ecosystems, and the NPP, to bring the best payments experiences to our customers.

We want to help our business customers offer quality payment experiences that delight their customers, maximise their ability to get paid, and spend less time on administration and collections…

About the CBA share price

Over the past 12 months, the CBA share price has nudged up more than 5% in value. However, year to date, the company's shares are down more than 7% amid weak investor sentiment.

On valuation grounds, CBA is the second-largest company on the ASX with a market capitalisation of approximately $159 billion.

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Bank Shares

A young woman sits at her desk in deep contemplation with her hand to her chin while seriously considering information she is reading on her laptop.
Dividend Investing

Are CBA shares still a good buy today for passive income?

Looking to earn passive income from ASX dividend stocks? Here’s my take on CBA shares.

Read more »

Shocked office worker staring at computer screen with colleagues working in the background.
Bank Shares

The ASX bank share beating CBA in 2025

Many investors might not realise this smaller bank stock is leading the pack this year. 

Read more »

man thinking about whether to invest in bitcoin
Bank Shares

Here's what needs to happen for the CBA share price to try and reach $200

What could drive the CBA share price higher?

Read more »

A young woman sits at her desk in deep contemplation with her hand to her chin while seriously considering information she is reading on her laptop.
Bank Shares

Why now could be an opportune time to sell CBA shares

A leading expert offers his verdict on the outlook for CBA shares.

Read more »

A man holding a cup of coffee puts his thumb up and smiles while at laptop.
Bank Shares

The Westpac share price is a buy – UBS

The broker is optimistic on Westpac shares.

Read more »

Bank building with the word bank on it.
Bank Shares

The biggest buyers and sellers of ASX 200 bank stocks revealed

Macquarie breaks down who’s been buying and who’s been selling the ASX 200 bank stocks.

Read more »

A young woman sits with her hand to her chin staring off to the side thinking about her investments.
Resources Shares

Should I switch my ASX 200 banking stocks for ASX 200 miners before earnings season?

The ASX 200 Index is dominated by Australia's bank and materials/mining sectors, which together account for around half of the…

Read more »

A man sits in contemplation on his sofa looking at his phone as though he has just heard some serious or interesting news.
Bank Shares

Here's when Westpac says the RBA will now cut interest rates

The RBA surprised everyone by keeping rates on hold last week. So, when will the next cut happen?

Read more »