Open banking progress: What today’s announcement means for our industry
Minister Scott Simpson today confirmed that banking will be the first sector designated under the Customer and Product Data Act 2025. It’s a milestone we’ve been anticipating – and one that signals growing momentum toward a more open, innovate and competitive financial ecosystem.
Read more 1 May 2025Payments NZ confirms EFTPOS deadline for April 2026
Terminals using the PCI 4.x security standard must be replaced by 30 April 2026. Merchants have until 30 April 2026 to replace any EFTPOS terminals that use the PCI 4.x security standard. These devices will be non-compliant and subject to disconnection from the network after 30 April 2026.
Read more 29 Apr 2025Statement on the passage of the Customer and Product Data Bill
Payments NZ strongly supports the objectives of this legislation, and the vision of a robust consumer data regime for Aotearoa New Zealand —one that enables innovation and competition while maintaining a strong focus on safety and security.
Read more 27 Mar 2025Our path to world-class payments: reflections on The Point 2024
More than 400 delegates joined us at The Point 2024 to hear about the latest in open banking, regulatory shifts, the evolution of generative AI, digital identity, the future of money, and more.
Read more 12 Dec 2024Submission to the Reserve Bank on ESAS access criteria
We made a submission this month to the Reserve Bank of New Zealand Te Pūtea Matua, responding to its consultation on proposed access criteria for the Exchange Settlement Accounts System (ESAS).
Read more 18 Nov 2024Aotearoa New Zealand open banking ecosystem map now live
The first-ever Aotearoa New Zealand Open Banking Ecosystem Map and Report has been unveiled at an industry event in Tāmaki Makaurau Auckland last night, Tuesday 5 Nov.
Read more 6 Nov 2024