NZ payments systems ripe for regulation, Orwell CEO Sanchez says

Thu, 13 Nov 2014

By Paul McBeth Nov. 13 (BusinessDesk) - New Zealand's payments and settlements system is lagging behind the rest of the world in terms of regulation, and a new framework is needed for a sector that's undergoing rapid change, according to the head of London-based Orwell Group, which is trying to stake a claim in the global payments network. Orwell Group is in discussions with Reserve Bank officials to introduce its payment system in New Zealand, which aims to replace inter-banking payments with standardised real-time peer-to-peer transacti...

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