Reserve Bank proposal to designate the High Value Clearing System
The Reserve Bank of New Zealand Te Pūtea Matua (RBNZ) is proposing to designate the High Value Clearing System (HVCS) under the Financial Market Infrastructures Act 2021.
Read more 4 Aug 2025New consumer website launched to support transparency and awareness of account switching
We’ve launched a new website to help banking customers better understand the switching process in Aotearoa New Zealand – part of industry work to to improve transparency and promote informed choice.
Read more 7 Jul 2025Response to Consumer NZ on switching
During June 2025 we shared information on our work to improve the switching process in Aotearoa New Zealand, in response to questions from an investigative writer at Consumer NZ.
Read more 4 Jul 2025Submission on access to basic transaction accounts
In June 2025, we submitted a response to the Council of Financial Regulators’ (CoFR) Issues Paper on access to basic transaction accounts in Aotearoa.
Read more 26 Jun 2025Shaping open banking together – celebrating six years of industry-led progress
Payments NZ’s API Centre is celebrating six years of industry-led progress on open banking with the release of a new report, Shaping Open Banking Together – highlighting delivery, collaboration and trusted partnerships across the open data ecosystem.
Read more 19 Jun 2025A third major milestone in open banking for Aotearoa New Zealand
Payments NZ’s API Centre has marked a new milestone in Aotearoa New Zealand’s open banking journey, with the four largest banks – ANZ, ASB, BNZ and Westpac NZ – due to implement version 2.3 of the Payment Initiation API standard on 30 May.
Read more 30 May 2025