26 January 2017
We've reviewed how Kiwis made payments in 2016 and packaged up the key facts and figures in this infographic. You'll also see how our payment behaviour compared to previous years.
18 November 2016
Over the past four years, Kiwis might have noticed transactions showing up in their bank account much earlier in the day. That’s thanks to a group of banks and payments industry organisations, including Payments NZ, working behind the scenes to collectively speed up payments processing. Read here about what changes have been happening.
10 November 2016
Here we’ve extracted 10 standout conclusions from our conference, The Point 2016. Delegates spent two busy days attending conference sessions focusing on today’s most important payments issues. The presentations and discussions generated hundreds of insights and hours of fascinating discussion.
02 November 2016
Our benchmarking report assesses New Zealand against 10 to 15 comparable countries, across all payment systems and payment instruments.
20 September 2016
We're pleased to announce that Co-op Money NZ’s application to become a direct settlement participant in the Bulk Electronic Clearing System (BECS) has been approved. Co-op Money NZ will be the tenth Participant in BECS.
15 September 2016
This is our submission in response to the Reserve Bank’s consultation document on Review of the Default Option for Publication of Submissions.
09 September 2016
From 28 November 2016 our Participants are making improvements to the processing of electronic credits.
28 July 2016
We’re looking for fintech startups who have the potential to transform the financial services industry, to take part in the Fintech Innovation Challenge at our conference, The Point 2016.
24 June 2016
Our Senior Payments Advisor, Martin Quin, recently attended the Biometrics Institute Asia-Pacific Conference in Sydney discovering that biometrics continues to be a hot topic in payments. While Biometrics has definitely started to arrive within financial services, there are some issues that need to be addressed at this early stage in development. These are Martin’s takeouts from the conference.
31 May 2016
We're excited to be holding our third biennial industry conference, The Point 2016, on 8 and 9 November 2016 in Auckland. Check out all the details. Early Bird registration is open.
30 May 2016
This is our submission in response to the Reserve Bank’s consultation document on Crisis Management Powers for Systemically Important Financial Market Infrastructures.
27 May 2016
As more electronic payment options become available, many commentators have said that a cashless society isn’t too far away. This second article in our series on cash in New Zealand examines the arguments for and against a cashless society.
20 May 2016
This is our latest research on cash use in NZ. We examine the economic, behavioural and emotional drivers of payment choice and look at the inevitability, or otherwise, of a cashless society focusing on the evolution of cash as a payment method.
13 May 2016
We've been doing some work around encouraging diversity and supporting women in the payments industry. In March, our Head of Strategy and Corporate Affairs contributed to a Leadership Panel at the Women in Payments Symposium in Sydney and back here we’ve been running our women's event The Link. Find out what happened at these recent events.
22 April 2016
We're pleased to have welcomed China Construction Bank (New Zealand) Ltd (CCB) and the Bank of China (New Zealand) Ltd (BoC) into the High Value Clearing System (HVCS). HVCS is an integral part of the New Zealand payments system with around 2.4 million transactions processed in 2015, equating to $5.26 trillion of value.
22 April 2016
Earlier this month our Europe-based Payments Strategy Advisor went along to the Money 20/20 Europe conference in Copenhagen. Find out what his key themes and take-outs were from the many presentations and panel discussions during this 3 day event.
29 February 2016
Payments NZ has welcomed a new direct settlement participant to its Bulk Electronic Clearing System (BECS), the Industrial and Commercial Bank of China New Zealand Limited, (ICBC).
11 December 2015
We’ve looked back at New Zealand’s payments statistics for 2015, picked out some notable trends and packaged it all up in this handy infographic.
01 December 2015
We've recently produced the second report from our Payments Direction strategic initiative which sets out a view of what the New Zealand payments ecosystem could look like in 10 years time.
20 November 2015
There’s been a lot of talk about cryptocurrencies in recent years (especially Bitcoin) but it’s the blockchain technology which provides the platform for cryptocurrencies that’s currently getting the most attention. Here's what we’ve learned about this rising technology and the opportunities it presents for financial services.
16 October 2015
Just over a year ago we opened our doors to organisations from across the payments ecosystem with the launch of our membership programme, complementing our existing Direct Settlement Participant programme. Our wider membership base is now made up of 11 Participants and 16 Members.
11 September 2015
Payments NZ has conducted an environmental scan of the global payments ecosystem, including current trends and future influences. The findings have been consolidated and analysed in our report '2015 Environmental scan report: Our changing payments landscape'. This is a summary of those findings.
14 August 2015
In July, Payments NZ hosted our very first event for women in payments to not only recognise and celebrate women in the payments industry today, but provide support for the next generation of women leaders that will help shape the future of payments. It was such a success that we look forward to hosting another soon, watch this space.
04 August 2015
Payments Direction is a strategic programme of work we’ve commissioned to help us better understand what the future of payments might look like and determine the work Payments NZ needs to do to effectively contribute to maintaining a progressive payments ecosystem. Learn more about our Payments Direction programme in this article.
14 July 2015
This is our submission in response to the Reserve Bank’s ‘Oversight of Designated Financial Market Infrastructures’ consultation document. It outlines Payments NZ’s views on this strategically important issue for the New Zealand payments landscape.
10 July 2015
From mid-October the Reserve Bank of New Zealand will begin issuing new $5 and $10 banknotes. The $20s, $50s and $100s will follow in April 2016. The key aim of the project is to benefit from technological advances in security features.
03 July 2015
Our Senior Payments Advisor, Martin Quin, recently attended the Biometrics Institute Asia-Pacific Conference in Sydney, where he got the lowdown on the future of biometrics. These are Martin’s insights from the conference.
26 June 2015
Last month, our Senior Payments Advisor, Jade Ford, attended the annual Cards & Payments Conference in Melbourne. Jade found the conference to be incredibly insightful and she took away a great deal from the many presentations and panel discussions from some of Australasia’s leading payments experts. Find out here what Jade’s key take-outs were.
10 April 2015
We've written a research paper called 'Payments Now' which investigates what other countries around the world define as real-time payments (RTP).
01 April 2015
We all have the perception that NZ has great payment systems but how can you really measure it and prove it? And if it can be proved, so what? This article takes a brief look at answering these two questions.
24 March 2015
We’re excited to have new members on board with our growing Payments NZ membership programme.
23 March 2015
We’ve recently undertaken a study of New Zealand’s strategic opportunity to adopt the ISO 20022 payments messaging standard. Are you interested in knowing more?
18 December 2014
We’ve been looking at a decade's worth of payment statistics and we’ve got a pretty good handle on the spending habits of Kiwis through the festive season. Here’s what we found.
07 October 2014
Find out what happened at our September Payments Hub sessions in Auckland and Wellington.
11 September 2014
We are pleased to announce the appointment of Jamie Wood as Manager Clearing Systems at Payments NZ Ltd.
05 September 2014
Come along to our Payments Hub this September to join the conversation with our panel of experts from the retail, payments and consumer behaviour fields. Register now, spaces are limited!
20 June 2014
Payments NZ Limited has announced the admission of the Industrial and Commercial Bank of China (New Zealand) Limited (ICBC) into its High Value Clearing System (HVCS), effective from today.
19 June 2014
If you receive an unsolicited email from Payments NZ with an attached file please do not open the attached file and delete the email.
16 May 2014
Removing cheque duty is a sensible move, as the processes and efforts to collect the ever-decreasing cheque duty are likely to outweigh any taxation income benefits that the Government receives.
15 May 2014
Change as usual in the global payments landscape.
01 April 2014
The March Payments Hub meeting tackled the hot topic of cryptocurrency, with a focus on one of the biggest players in the field, Bitcoin.
25 March 2014
New options for making payments by mobile phone are expected to appear later this year. Payments NZ has launched new Mobile Device Rules and Standards that will govern the mobile payments system and protect businesses and consumers.
27 February 2014
If you receive an unsolicited email from Payments NZ that contains a file with a .rar extension please treat this with caution.
07 February 2014
Recent headlines in the international media talk about a cashless society. Weâ€™ve heard the hype, but whatâ€™s really happening in New Zealand? Weâ€™ve put together this short series of slides to help explain.
31 January 2014
Payments NZ, working with bank representatives developed standards and protocols to make it easier and faster for customers to switch banks in New Zealand.
21 January 2014
Payments NZ Limited announced today the appointment of Steve Wiggins as its new Chief Executive Officer effective January 23, 2014.
08 November 2013
A case study undertaken by SWIFT on the New Zealand implementation of the Settlement Before Interchange (SBI) payments solution.
25 July 2013
I think we can all agree it's an exciting and busy time for payments. The industry is changing at a great rate of knots. With new technology taking off and some new alliances forming, it feels like a great opportunity for a get together to keep you all in the loop.
15 May 2013
Payments NZâ€™s submission to the Reserve Bankâ€™s "Strengthening Statutory Payment Oversight Powers"
06 March 2013
Payments NZ have recently begun a project to support the industry through its progression to mobile payments.
14 February 2013
The Payments NZ Payments Hub brings you The Great Payments Debate. This event will be held in Auckland and Wellington and hosted by Nadine Chalmers-Ross.
03 December 2012
The report has revealed that the use of cheques has been declining rapidly for nearly a decade, but that some groups and individuals still make use of the fading payment form.
05 April 2012
Payments NZ Limited says the new, faster system for the interchange and settlement of domestic payments between banks has put New Zealand at the cutting edge of international best practice.
06 July 2011
New Zealand has one of the highest uses of electronic transactions in the world. The growth and expansion of this system over many years has seen some traditional payment instruments, such as cheques, decline.
15 December 2010
Media Release 15 December 2010 The governance of New Zealandâ€™s bank to bank payment clearing and settlement system, which handles New Zealandâ€™s more than six million daily payments, has been transferred to a new company called Payments NZ Limited (PNZ).