New Zealand’s Commerce Commission has proposed reducing the fees the country’s businesses pay for accepting Mastercard and Visa payments. The Commission issued its draft decision Wednesday (Dec. 18) and is seeking feedback on it from consumers and businesses by Feb. 18, 2025, it said in...
Revolut’s ongoing expansion efforts have the U.K. FinTech focused on New Zealand. While Revolut already provides services to customers in the island nation, it now plans to provide banking services there, applying for a banking license from the Reserve Bank of New Zealand, according to...
New Zealand is reportedly examining competition in the banking sector. As Reuters reported Wednesday (June 12), the decision to investigate the industry follows a draft report earlier this year which found that New Zealand’s four main banks offered limited competition in the personal banking space. “Promoting robust...
The head of New Zealand’s central bank is not a fan of stablecoins. Reserve Bank of New Zealand Governor Adrian Orr voiced concerns about the digital currencies during a parliamentary committee meeting Monday (Feb. 12), calling them “the biggest misnomers,” “oxymorons” and not a replacement for...
October 25, 2019
New Zealand is a country that can be easy to overlook when it comes to FinTech. But the story of how payments are evolving there can offer lessons for the rest of the globe, along with glimpses of how the relevant technology might play out in the 2020s. And that’s why PYMNTS recently caught up […]
February 25, 2025
Australia-based buy now, pay later (BNPL) provider Zip said Tuesday (Feb. 25) that demand from consumers and merchants drove its growth in the most recent half. The company’s growth was especially strong in the United States, where it aims to serve consumers who are unable to access traditional credit and who use BNPL because of […]
December 18, 2024
New Zealand’s Commerce Commission has proposed reducing the fees the country’s businesses pay for accepting Mastercard and Visa payments. The Commission issued its draft decision Wednesday (Dec. 18) and is...
December 09, 2024
Revolut’s ongoing expansion efforts have the U.K. FinTech focused on New Zealand. While Revolut already provides services to customers in the island nation, it now plans to provide banking services...
June 12, 2024
New Zealand is reportedly examining competition in the banking sector. As Reuters reported Wednesday (June 12), the decision to investigate the industry follows a draft report earlier this year which found that...
