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 for the hundreds of thousands of Kiwi’s who love to pay with POLi online.
So far, we have transitioned over 1,300 merchants to ASB and Westpac’s open banking connections. We expect to complete this process over the next couple of months, at which point we will start to transition merchants to ANZ and BNZ’s open banking systems.
Open banking provides many opportunities for innovation in payments and data sharing. We are working hard on several products which we think will delight businesses and consumers alike.
The POLi team is extremely grateful for the support we have received this year from the open banking teams at ASB, Westpac, ANZ and BNZ to make this transition.
We are also super grateful for the awesome support received from the talented and committed folk at the API Centre, and for the tireless work of the Commerce Commission and MBIE to make open banking a reality for New Zealand in 2025.
Finally, we owe a big shout-out to FinTechNZ for their work in ensuring that fintechs are heard by open banking decision-makers.
Hurdle cleared! Stay tuned – big things are coming with our open banking plans.
About POLi POLi is one of New Zealand’s largest online payments providers, chosen by Kiwis as a secure, convenient, and zero-fee way to make online payments to a range of trusted brands and services. Sign up now at https://www.polipay.co.nz/start