A 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

EFTPOS upgrade deadline: How our device lifecycle keeps payments secure

As the governing body for payment systems in Aotearoa New Zealand, we’ve reconfirmed the retirement date for EFTPOS terminals using the PCI 4.x security standard. These devices must be replaced by 30 April 2026.

Read more   28 May 2025

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 2025

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  • Statement 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 2025
  • Our 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 2024
  • Submission 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 2024