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NatWest has taken a 13 per cent stake in software developer WorldPay

in a deal which will see the bank offer e-commerce services to its small

and medium-sized business account holders.

Worth #23 million, the deal will build on service agreements that the bank

currently has with WorldPay, which specialises in e-commerce, and will

enable NatWest to offer online payment services to business customers

which currently have no such facilities in place.

In turn, the deal will provide WorldPay with access to NatWest’s 800,000

small and medium-sized business customers.