Payments NZ seeks feedback on future of payments systems

Payments NZ seeks feedback on future of payments systems
CEO Steve Wiggins says upgrading the systems is an investment in national infrastructure. (Image: Getty)
Ben Moore
Payments New Zealand has opened consultation on the future of the country’s payments infrastructure.The bank-owned company is responsible for overseeing the development of NZ's payments systems and is now seeking feedback on what the “next generation” of that infrastructure should look like.Payments NZ has done the initial planning for this future, outlined in a document called Consultation on Payments for the Next Generation, released Friday.Chief executive Steve Wiggins said that this year had seen an “explosion&rd...

More Finance

JPMorgan is revamping Its bank for the superrich
Finance

JPMorgan is revamping Its bank for the superrich

There is a minimum required balance of US$10 million. 

Port of Auckland to pay $45m special dividend to council
Finance

Port of Auckland to pay $45m special dividend to council

The divestment proceeds will be used to top up the Auckland Future Fund.

Oliver Lewis 27 Jun 2025
$600m in tourist spend at risk from regulation: Mastercard
Finance

$600m in tourist spend at risk from regulation: Mastercard

When Europe cut interchange fees, foreign card decline rates soared.

Pattrick Smellie 27 Jun 2025