Westpac Banking (ASX:WBC, NZE:WBC), the Commonwealth Bank of Australia (ASX:CBA), and the National Australia Bank (ASX:NAB) have been selected to provide a range of banking services to the New South Wales Government, the companies said in separate Friday statements.

While all three banks will provide core banking services such as transaction banking and liquidity management, each bank will offer distinct additional services tailored to support the New South Wales Government's digital and strategic goals.

Under its renewed agreement with the government, Westpac will focus on public transport payments, commercial cards, and DataX insights to inform government decisions, the statements said.

The partnership will also modernize payment systems for services like licenses and school fees. The five-year contract begins on Apr. 1, with options for two three-year extensions.

CBA will emphasize advanced payment technologies, artificial intelligence capabilities, and fraud management tools, the statements added.

The bank will also support small businesses and drive data-driven decisions utilizing its network, which processes 40% of Australia's payments.

Meanwhile, NAB will offer the government, real-time payment technology, procurement cards, and services focused on affordable housing and small business support.

Shares of Westpac rose past 1% in Australia and 3% in New Zealand, while shares of NAB rose nearly 1% in recent Friday trade.