Submission 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 2025EFTPOS 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 2025Open 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 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 2025