We are excited to announce that POLi has been awarded accreditation for Open Banking in New Zealand by MBIE (Ministry of Business, Innovation & Employment) under the Customer and Product Data Regulations. This accreditation entitles POLi to access the Open Banking APIs of banks designated under these regulations. We start with the Big Four (ANZ, BNZ, ASB, and Westpac) and will expand to include Kiwibank July 2026. This achievement marks a significant milestone in our journey to deliver smarter, more secure, and customer-centric payment solutions.
Why This Matters
Open Banking is transforming the way businesses and customers interact with financial products and services, by enabling secure, consent-driven access to banking data and payment capabilities. It empowers customers with greater control and transparency while opening new opportunities for merchants.
With MBIE accreditation, POLi is officially among the first providers in New Zealand to meet the highest standards of security, compliance, and innovation. This positions POLi, our partners, and our merchants at the forefront of a payments revolution.
What This Means for Merchants
- Confidence in Compliance: Work with a trusted provider accredited by MBIE under uniform Open Banking rules, ensuring consistency across all designated banks.
- Future-Ready Solutions: POLi’s payment technology now leverages Open Banking APIs for both one-off payments and recurring transactions, making payments faster, safer, and easier to manage.
- Competitive Advantage: Stay ahead by offering customers modern, secure, and transparent payment experiences.
What This Means for Customers
- Greater Control: Customers can manage payments (whether one-off or recurring) with confidence and transparency.
- Enhanced Security: All transactions are backed by bank-grade security and Open Banking protocols.
- Seamless Experiences: Faster, smarter ways to pay without compromising trust – whether your customers pay once or on a schedule.
Introducing POLi Enduring – Powered by Open Banking
As a direct result of this accreditation, we are proud to launch POLi Enduring, our solution for recurring payments that puts control back in the hands of customers while giving merchants predictable revenue and fewer failed payments.
POLi Enduring allows customers to set parameters such as amount, frequency, and duration. All the while, merchants enjoy a seamless, secure process backed by Open Banking APIs.
Get POLi Enduring Early – would you like to hear more?
We would love to talk to you and we are inviting forward-thinking merchants to join our exclusive UAT program and be among the first to experience POLi Enduring and our enhanced one-off payment solutions. Help us shape the future of payments and enjoy priority onboarding.