‘Swerve the surcharge’: BNZ unfazed by surcharge ban amid Payap push

BNZ said the bank is “very pleased” with merchant uptake of Payap. (Image: Youtube)

Tue, 26 Aug 2025

Bank of New Zealand says it's not concerned that the Government's plan to ban surcharging in stores will impact its direct payment fintech, Payap.In December last year, Bank of New Zealand (BNZ) announced it had purchased the NZ-based technology company Centrapay, the developer of Payap.Payap was launched to the general population in early August. It has been marketed to consumers as a way to “Swerve the Surcharge” on their everyday purchases.“We’re very open-minded, but surcharges? No thanks. With Payap, you pay...

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