New Zealand now has open banking, sort of
With open banking threatening to finally gather some pace in New Zealand, Worldline with Online EFTPOS has been one of the early movers
Source: interest.co.nz
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Westpac finds 'tidy' fix to cap contactless payment surcharges
Commerce Commission receives 120 complaints about payment surcharges
Source: interest.co.nz
NZ banks 'too slow' to innovate on payments, which could also help combat fraud
NZ banks are lagging on real-time payments and fraud protections. The Commerce Commission says it could force them to get on with it
Source: interest.co.nz
Eftpos plummets in popularity as newer forms of payment emerge
Eftpos cards - widely used to make payments in New Zealand for more than 30 years - are plummeting in popularity. The thought of them disappearing altogeth
Source: newstalkzb.co.nz
Eftpos plummets in popularity as newer forms of payment emerge
Eftpos, the payment system widely used in New Zealand for more than 30 years, is plummeting in popularity. The thought of them disappearing altogether is concerning for some people who don't like using smartphones or want to avoid the extra fees that come with PayWave. But while Eftpos faces an uncertain future, new and cheap forms of payment are starting to emerge. Tom Taylor reports.
Source: rnz.co.nz