Background on Payment services: revised rules to improve consumer protection and competition in electronic payments
Background
Stay updated with breaking news from Payment Initiation. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The European Commission put forward proposals on 28 June to bring payments and the wider financial sector into the digital age.
Updated regulations now allow EMIs to offer their customers increased monthly wallet limits along with offering new payment services.
Aotearoa New Zealand’s four largest banks will all be live with the Payments NZ API Centre’s open banking standards over the next 18 months. This announcement marks a significant milestone in Aotearoa’s open banking journey, enabling consumers ...
Business Scoop provides news and views on Business and Markets from New Zealand