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 …
We’re excited to announce the arrival of POLi Enduring, leveraging the power of open banking to deliver a modern and smart way to reduce payment friction for your repeat customers. POLi Enduring means your customers can grant you consent to debit their bank account in the future. Think of it as the next evolution of card‑on‑file or direct debit: low‑cost, …
POLi has this week signed open banking agreements with BNZ and ANZ, following similar partnerships with ASB and Westpac announced earlier in the year. Making it a quartet, POLi delivers seamless, low-cost transacting at scale. Securing open banking access with New Zealand’s four largest banks is a massive milestone for POLi. And it’s a huge win for our merchants and …
Westpac NZ has announced a strategic agreement with online payment provider POLi to bring secure open banking payments to life for thousands of New Zealand consumers and businesses. The agreement marks a major milestone in Westpac’s open banking journey, enabling POLi’s over 2,000 merchants to immediately access Westpac’s open banking capabilities through POLi’s existing platform. This relationship brings instant scale …
Minister Simpson’s announcement on 1st May of the decision to regulate open banking is momentous for payment initiation services like POLi. From 1 December, ASB, Westpac, ANZ and BNZ will be required to connect MBIE accredited service providers to their open banking APIs. The Minister’s announcement coincided with the news that POLi and ASB are partnering to enable open banking …
In an industry first, ASB has today announced it is partnering with POLi, one of New Zealand’s largest online payments providers, to support customers to make secure open banking based digital payments. With POLi using ASB’s open banking APIs, customers are able to use POLi as a payment method without sharing their username and password. Customer authentication and payment authorisation …
7-day payment processing has come to New Zealand. But will this mean you need to adjust any internal processes? Let’s take a look. 365 days of payments from May 26 All of us have at some point tried to send or receive money through a direct bank transfer or automatic payment, only for it to stay in limbo over the …