New Zealand could soon have instant money transfers, with BlinkPay today announcing it has developed the country’s first open banking-enabled real-time payments capability and is seeking banking industry partners to implement the technology at scale.

By BNZ
1,148 views

The Co-operative Bank has announced a major investment in its future, selecting UK-based 10x Banking, a leading customer-centric core banking provider, to lead the replacement of its core banking system.

By The Co-operative Bank
412 views

BusinessNZ says scrapping surcharges on card payments is a step in the right direction for consumers, and for businesses that issue the cards.

By Business NZ
2,913 views

From May 2026, New Zealanders will be able to tap their card or phone without being charged those pesky, excessive and sometimes hidden surcharges.  An amendment to the Retail Payment System Act will put an end to excessive, hidden and unavoidable surcharges, which cost New Zealanders an estimated $65 million a year.

By Consumer NZ
3,054 views

The government’s announcement today that it will ban payment surcharges could save New Zealand consumers up to $150 million annually – and BNZ’s Payap app, launching to consumers next month, offers businesses a way to thrive under the changes by cutting their payment acceptance costs.

By BNZ
3,077 views

The Campaign Against Foreign Control of Aotearoa (CAFCA) says the big Australian-owned banks that dominate NZ’s economy continue to enjoy a ‘heads we win, tails you lose’ relationship with Kiwi consumers.

By CAFCA
497 views

The Co-operative Bank says it is delighted to win the Consumer People’s Choice Award for banking.

By The Co-operative Bank
500 views

ASB is on a hiring drive to recruit 80 additional home ownership specialists as it prepares for a surge in home loan applications.

By ASB
403 views

The Banking Ombudsman Scheme is adding another director to its board and at the same time replacing two departing directors.

By Banking Ombudsman Scheme
559 views

The Banking Ombudsman Scheme has welcomed today’s announcement by banks that they will crack down on scams.

By Banking Ombudsman Scheme
537 views

New research conducted by Te Herenga Waka-Victoria University of Wellington finds that taking simple steps to enable ex-prisoners to open bank accounts would assist them in accessing housing, employment, and benefits, which would reduce the risk of re-offending.

By FinCap
617 views

From streaming services to gym memberships, keeping track of subscriptions and recurring payments can be a challenge.

By BNZ
624 views

Kiwi banks and their overseas parent companies need to follow the lead of America’s six biggest banks and urgently withdraw from the Net Zero Banking Alliance, Federated Farmers say.

By Federated Farmers of New Zealand
1,688 views

BNZ’s dirty laundry was publicly aired yesterday as members of Parliament’s banking inquiry grilled the bank’s CEO and chair on some of their more unsavoury lending practices.

By Federated Farmers of New Zealand
1,800 views

Federated Farmers have submitted a formal complaint to the Commerce Commission, requesting an urgent investigation into the lending practices of New Zealand banks.

By Federated Farmers of New Zealand
1,677 views

Revolut, the global financial technology company with more than 50 million customers worldwide, today announced that it has submitted its application to become a registered bank in New Zealand.

By Revolut
2,981 views

This month marks the first 10 years of Bank of China (New Zealand) Ltd’s operations in New Zealand, as the bank looks forward to the next decade.

By Silvereye
713 views

Federated Farmers says the Bank of New Zealand (BNZ) demanding an 11% reduction in farming emissions by 2030 has exposed an outrageous Trans-Tasman double standard.

By Federated Farmers of New Zealand
614 views

Westpac New Zealand's online banking platforms remain inaccessible to customers outside the country, marking nearly six days since the disruption began on Wednesday.

By Expert Briefing
855 views

Farmers are angry about a rural banking system that isn’t working properly, poor bank behaviour, and Reserve Bank rules that hamstring the agricultural sector.

By Federated Farmers of New Zealand
637 views

Kiwibank is reducing its variable loan rates by 0.50%.

By Kiwibank
616 views

While many New Zealanders have heard of open banking, few understand its benefits, according to new research from BNZ.

By BNZ
538 views