We’re interested in the views of the industry and wider business community on different approaches to domestic account to account real-time payments.

Specifically, we’re looking for organisations with recent and relevant experience in the delivery or operation of real-time payments capabilities to participate in a market information gathering exercise (MIG). (Please note that this is not a request for proposal or procurement exercise and no decision has been made by Payments NZ to implement real-time capabilities in the domestic payments system.)

The information provided will inform the strategic roadmap we’re currently developing for modernising New Zealand’s payments system.

If you’re interested in being part of this MIG, please fill in the registration of interest form below. You may register to submit a joint response.

Why are we doing this?

Following the release of our Payments Modernisation Plan (PMP) discussion document last year, we received feedback which identified real-time payments as a key building block towards modernising New Zealand’s payments system. This aligns with a global trend towards real-time payment infrastructures and capabilities. We’re now seeking input through this MIG to further understand what real-time payments could look like for New Zealand and if, and how, real-time payments could fit into our strategic roadmap.

What type of information are we seeking?

We’re looking for recommendations on potential approaches, design and delivery considerations, and business models for real-time payments. 


Registration of interest form

Thank you for registering your interest in being part of this market information gathering exercise (MIG). Once you’ve submitted the form below, we’ll come back to you (usually within two working days) to let you know if we would like you to take part in the MIG. 

Contact details

Your primary contact is the person we will send all communications relating to the MIG and who will be the point of contact for your organisation.


Please enter the email address of the primary contact.


Name of organisation: *

This should be your organisation’s registered legal name. If you intend to submit a joint response, please list all the organisations making the submission (i.e. company A; company B).

Relevant experience: *

Please briefly outline your organisation’s recent experience in the delivery or operation of real-time payments (200 words max). This will help us determine if your organisation should take part in this exercise.



By submitting your registration of interest you:

  • agree to our Terms of Use and Privacy Policy,
  • acknowledge that Payments NZ is under no obligation to accept your registration of interest,
  • understand that if your registration is accepted, you will need to agree to the MIG Terms & Conditions, which will be provided to you, before you are able to take part in the MIG.


If you have any further questions before registering, please contact the team at [email protected]