Flexicom, the Dublin-based e-commerce payments company, has secured a £1 million (€1.3 million) contract to provide a multi-currency card payments system, Flexicom Acquirer, to National Australia Bank (NAB).

The deal, which comes after several months of market development work in the Asian Pacific region, will enable NAB to globalise its card-processing operations using Flexicom's suite of multi-currency payment solutions.

Flexicom, set up in 1993, employs 80 people. Eircom recently took a 30 per cent stake in Flexicom, which valued the software firm at £27 million.