Payments NZ stories
Rising claims, digital demands and real-time payments are reshaping how insurers across Australia and New Zealand collect and pay out.
New Zealand has increased the contactless payment limit from NZD $80 to NZD $200 to curb COVID-19 spread, rolling out changes over the next few weeks.
New Zealanders are lagging in eWallet adoption with only 16% of online purchases using them, compared to the global average of 37%, an FIS report reveals.
Find out how the payments industry is being disrupted at The Point 2016, New Zealand's only industry-wide payments conference.
New Zealand's payments system could face disruption unless banks and providers agree common standards, Steve Wiggins said.
Fragmentation could slow Aotearoa's payments overhaul unless industry and government align on standards, identity and resilience.
Resilience is becoming the key test of New Zealand's payments overhaul as cyber threats and AI add strain to shared infrastructure.
Continuity at the top is meant to steady oversight of New Zealand’s payments infrastructure, which underpins billions of dollars in activity each year.
Wise urges New Zealand MPs to end NZD $667m annual losses from hidden foreign exchange fees by enforcing transparency in bank currency conversion costs.
New Zealand's open banking has advanced with NZD $13.77m spent over six years, delivering API standards adopted by major banks covering 80% of accounts.
New Zealand's four largest banks have upgraded to Payment Initiation API v2.3, enabling flexible payments and lasting customer consent for open banking.
The fourth edition of FinTech Australia's Open Banking Ecosystem Map shows a 165% rise in Consumer Data Right adoption, supported by Mastercard.
New Zealand's Consumer Data Right (CDR) aims to empower consumers by enabling secure data sharing with third parties, promoting financial wellbeing and privacy.
Dexibit has come out on top at the Fintech Innovation Challenge, walking away with a $5000 cash prize and business mentoring opportunities.
On 8 & 9 November, Auckland will host financial services & payments professionals, Kiwi fintech startups & international experts at The Point 2016.
If you're part of a fintech startup with the potential to transform the financial services industry, then Payments NZ wants to help you.
The Reserve Bank wants stronger oversight of the nation's payment systems, with a particularly focus on managing risks from the global infrastructu.
