Reserve Bank open letter on proposal to designate the High Value Clearing System

The Reserve Bank of New Zealand Te Pūtea Matua (RBNZ) has sent an open letter to Payments NZ regarding its proposal to recommend the designation of the High Value Clearing System (HVCS) under the Financial Market Infrastructures Act 2021.

Response to the Commerce Commission on open banking progress

In September 2025, the Commerce Commission Te Komihana Tauhokohoko released an open letter outlining its observations on recent progress in open banking. We responded in writing to the Commission in early December.

Help shape the future of the EFTPOS device lifecycle framework

Payments NZ is currently consulting on proposed changes to the EFTPOS device lifecycle framework – the set of policies that governs how payment terminals are registered, maintained, and retired from the network in Aotearoa New Zealand.

HVCS participants join global payments messaging upgrade

Major banks and financial institutions in Aotearoa New Zealand have moved into a new era of payments messaging, by completing their transition to ISO 20022 messaging for high-value and cross-border payments.

Richer messaging opens up new potential in high-value and cross-border payments

Financial institutions in Aotearoa New Zealand and around the world are about to move into a new era of payments messaging.

Payments NZ responds to government recommendations

Payments NZ acknowledges the announcement made by the government today accepting the Finance and Expenditure Committee’s recommendations for their inquiry into banking competition.

Submission to the FMA on tokenisation in financial markets

We recently made a submission to the Financial Markets Authority – Te Mana Tatai Hokohoko (FMA) in response to their discussion paper on tokenisation in financial markets, released in early September 2025.