Payments NZ

With another big year in payments well underway, we’re marking the past year of progress with the release of our 2024 Year in Review. It’s a snapshot of achievements and outcomes from a range of Payments NZ workstreams – including our first full year of seven-day payments, key open banking implementation milestones, a nationwide EFTPOS upgrade, successful open banking showcases, the launch of our next generation payments consultation, and much more. We’re also sharing a look at the regulatory landscape for payments in Aotearoa New Zealand as it evolved over 2024, and a forward view on our work over 2025 and beyond. Thanks to all of our participants, members and industry partners for your support in 2024. We look forward to the achievements we will accomplish together in the year ahead. Steve Wiggins, Jane-Renee Retimana, Vanessa Ronan-Pearce, Chad Haighmark, Phil Cass, Jamie Wood, Lisa Ibarra, Shaun Clements, Sarah Hensen, Angela Gill, Richard V., Sam Finnemore, Nina Seja, Sajel Parsotam #paymentsnz #futurepayments #openbanking #APICentre #eftpos #sevendaypayments #aotearoa

Next week, our Chief Executive, Steve Wiggins, will be joining a panel at the Australian Payments Network (AusPayNet) Annual Summit in Sydney. With Australia set to phase out its cheque system by 2029, Steve will share valuable insights from the industry-led phaseout of cheques in Aotearoa New Zealand, which was successfully completed in 2021. We were honoured to host Toby Evans, Luke Wilson and the AusPayNet team at #ThePoint2024, and we're excited to continue contributing to discussions around payments modernisation across the Tasman. You can register for the Summit here: https://lnkd.in/g5_5wpaB #PaymentsNZ #FuturePayments #Cheques #Payments #Innovation 

We’re celebrating a second open banking implementation milestone today, opening the door for banks, fintechs and third parties to offer a wider range of open banking products and services. ANZ, ASB Bank, Bank of New Zealand and Westpac New Zealand have confirmed that they’re ready to partner using our API Centre’s Account Information v2.1 standard, ahead of a 30 November deadline under our minimum open banking implementation plan. The Account Information standard allows customers to securely share information related to their bank account with registered third parties – enabling useful services such as personal finance and budgeting apps and streamlined loan applications. Read more here: https://lnkd.in/gTkAJBFi Our recent Open Banking Showcase at #ThePoint2024 included a preview of the potential of account information in open banking – check out our video recap below for the highlights. Andrew Dentice | Phil Cass | Dr Scott Farrell | Jane-Renee Retimana | Dan Jovevski | Brenton Charnley | Lisa Ibarra | James McCann | Dermot Butterfield | Jamie K Leach (MAppFin - GAICD) | Tina Groark | Sasha Lockley | Julia N. | Mike McRoberts | WeMoney | Volley | Wych | Hudson Gavin Martin #OpenBanking #APICentre #PaymentsNZ #FuturePayments

What an incredible start to conference week! Last Monday, we kicked off The Point by hosting The Link event, a special gathering that brought together over 70 amazing women in payments. It was a fantastic afternoon of networking, connecting, and reflecting on the year that’s passed. We took time to engage in whakawhanaungatanga—a meaningful process of relationship-building. The conversation centred around important questions like where we consider "home" and what, besides our day jobs, we are most passionate about. Thank you to all of those who joined us for the afternoon, we look forward to The Link events in 2025! Special thanks to Jane-Renee Retimana, Angela Gill, Vanessa Ronan-Pearce, Sarah Hensen, Amy Katterns, Katie Wilson, Merilee Andrews, Nina Seja, Sajel Parsotam, Sheri-Lee Paulse, Sonali Jina, Justine Boyle, Susan Shearer, Venesse Chong, Lisa Ibarra, Natalie Vaughan-Sanders, Anna Bell, Yen Jong, Jade Ford This event truly set the tone for an amazing The Point 2024! #TheLink #WomenInPayments #Networking #Empowerment #ThePoint2024 #Aotearoa #PaymentsNZ

We’re proud to be looking back on yesterday’s second and final day of the premier payments conference for Aotearoa, #ThePoint2024 in Tāmaki Makaurau Auckland. While the excitement is fresh, here’s a recap of the action from yesterday, including our speakers and panelists from across the motu and around the world. Thank you again to all of our sponsors for making The Point 2024 possible!    FIS, Worldline, Swift, Mastercard, Visa, ACI Worldwide, Buddle Findlay, Open Payments Limited (New Zealand), Industrial and Commercial Bank of China, Hudson Gavin Martin, Middleware New Zealand, Skyzer NZ, Tranxactor, Yuno #ThePoint2024 #NavigatingBeyond #PaymentsNZ #FuturePayments

We’ve come to the end of a remarkable journey at #ThePoint2024 in Tāmaki Makaurau Auckland, with an insightful and inspiring second day of our premier payments conference for Aotearoa.   We led off with a fireside chat examining the impact of generative AI on financial services and everyday life, brought to us by our conference principal sponsor FIS.   Minister Hon Andrew Bayly delivered an address outlining his vision of the future of payments systems in Aotearoa, including his goals for the Customer and Product Data Bill in facilitating secure and efficient data services.   We expanded on Day One’s focus on the big picture, with Tim Groser addressing the conference on our economic and trade context, followed by a panel taking a closer look at macroeconomic headwinds, effective market strategies, and Māori economic development and indigenous trade policies.   From there we took deep dive into the future of payments, digital innovation and partnerships, and into central bank digital currencies and cryptocurrency as part of the wider future of money.   In the afternoon we looked at the potential of open banking in our second Open Banking Showcase of 2024, with international perspectives, demonstrations and dialogue on how open banking might unlock social as well as economic outcomes.   The focus on fintech innovation continued with banking and fintech leader Nektarios Liolios sharing insights on strategic innovation between corporates and startups and how large organisations can be “startup ready”.   Finally, our own Steve Wiggins brought the threads of the last two days together with his reflections on our time together and what it shows us about the path forward for the Aotearoa payments ecosystem as we continue to navigate beyond and seek new horizons.   We look forward to continuing our conversations and building on the relationships grown at The Point 2024. The road to #ThePoint2026 starts here!   A huge thank you to principal sponsor FIS along with our other sponsors who made The Point 2024 possible: https://lnkd.in/gBVJzWRH   #ThePoint2024 #NavigatingBeyond #PaymentsNZ #FuturePayments FIS, Worldline, Swift, Mastercard, Visa, ACI Worldwide, Buddle Findlay, PAYMTS Limited / Open Payments Limited (New Zealand), Industrial and Commercial Bank of China, Hudson Gavin Martin, Middleware New Zealand, Skyzer NZ, Tranxactor, Yuno

We’re continuing our journey towards the future of payments at #ThePoint2024 in Tāmaki Makaurau Auckland. Here’s a taste of the action from yesterday, including insightful keynote speakers and panelists from Aotearoa and around the world. Thank you to all of our sponsors for making The Point 2024 possible.    #ThePoint2024 #NavigatingBeyond #PaymentsNZ #FuturePayments FIS, Worldline, Swift, Mastercard, Visa, ACI Worldwide, Buddle Findlay, PAYMTS Limited / Open Payments Limited (New Zealand), Industrial and Commercial Bank of China, Hudson Gavin Martin, Middleware New Zealand, Skyzer NZ, Tranxactor, Yuno

We’ve just wrapped our first day of #ThePoint2024 in Tāmaki Makaurau Auckland, packed with insights and kōrero on what’s shaping the future of payments in Aotearoa and beyond. We began our conference with an inspirational view on mātauranga Māori and intergenerational knowledge from Matua Rereata Makiha – turning our eyes to the stars and setting the tone for our conference theme, Ki tua - #NavigatingBeyond.  Our chief executive Steve Wiggins shared his vision of where Aotearoa fits into a global context and where we’re headed, followed by remarks from Felicity Blake, Country Manager NZ at our conference principal sponsor FIS. Over the morning we heard from speakers and panels discussing regional and global trends and innovations in payments and omnichannel commerce, the balance of regulation and self-determination in a successful payments ecosystem, data and automation, and collaboration in delivering new customer offerings. In the afternoon, dedicated streams led by Jamie Wood and Lisa Ibarra took deep dives into the future-proofing and modernisation of payments, and into digital transformation and cyber. We closed out the day with a bank CEO panel discussing navigating global challenges and shaping our digital economy, indigenous perspectives on Aotearoa in 2024 and enabling Māori and Pasefika aspirations as the future of our sector, and a fascinating keynote from people hacker and social engineer Jenny Radcliffe exploring the art of ethical social engineering. Thanks to all who contributed to a remarkable first day at The Point 2024 – we’re excited to look ahead to all that Day Two promises!    Many thanks to our principal sponsor FIS along with our other sponsors who are making The Point 2024 possible: https://lnkd.in/gBVJzWRH    #ThePoint2024 #NavigatingBeyond #PaymentsNZ #FuturePayments 

Join us next week at The Point 2024 as we explore the future of the economy, payments, and the regulatory landscape. Regulation vs Self-Determination: Striking the Balance sponsored by Buddle Findlay Dr. John Small, Commerce Commission Chair, will discuss how the payment system in Aotearoa can meet evolving needs, with initiatives for a digital future. Panelists Ian Woolford from Reserve Bank of New Zealand, Catherine Beard from BusinessNZ and moderator Emma Geard join John to explore balancing safety, stability, growth, and innovation. Global View on an Open Ecosystem sponsored by Visa Ben Adams of Visa discuss how data and automation transform payments, enhancing consumer experiences and business outcomes. Panelists Joshua Fairfield from Washington and Lee University School of Law, Paula Milne from centrapay and moderator Jane-Renee Retimana join Ben to look at digital ID, modular payment processes, and innovation. Transforming Our Workplaces to Prepare for our Mokopuna By 2040, Aotearoa will have a younger, more diverse population, with Māori and Pasefika making up over 25% of the workforce and over 30% of the population. Our panel including Jason-Urranndulla Davis from HOLDACCESS (WUNA), Nu’uali’i Eteroa Lafaele from FIBRE FALE, Adrian Smith from BlinkPay and moderator Janelle Riki-Waaka look at how we prepare for this shift. Generative AI: Revolutionising Financial Services and Everyday Life sponsored by FIS Matt Collicoat and Rob Tesoriero from FIS will discuss how generative AI will transform financial services and daily life, with applications like AI-driven financial advice. A corporate cartoonist will capture the session. Charting the Uncertain Economic and Trade Waters of Aotearoa Our panel including Shamubeel Eaqub, Hon. Tim Groser, Jennifer henry from Bank of the Cook Islands and Traci Houpapa discuss macroeconomic trends, indigenous trade policies, and market strategies for Aotearoa. Future of Payments: Digital Innovation and Strategic Partnerships sponsored by Mastercard Ruth Riviere from Mastercard opens this session setting the stage for a discussion on the future of payments and the role of digital innovation and partnerships. Panelists Sulabh S. from Debut NZ, Sean Preston from Perpetual Guardian Investments and Priti M. from KPMG join Ruth to explore the advancements shaping the payments industry. Future of Money: Beyond Transactions to Transformative Experiences sponsored by ACI Worldwide This session looks at real-time payments, digital currencies, and DeFi. Trent Gunthorpe from ACI Worldwide delivers the keynote, joined by panelists Khairuan Abdul Rahman from Alto Group (Djarum), Shelley Powell from Westpac New Zealand, and moderator Andrew Weaver to discuss innovations and challenges in the payments ecosystem. https://lnkd.in/gSnSa-Tm #ThePoint2024 #PaymentsNZ #OpenBanking #Payments

On day one of The Point 2024 we’ll be taking a deep dive into future-proofing payments, digital transformation and cyber security across two breakout streams. Focussing on future-proofing payments, our Hunua Room stream features three fascinating sessions, including: 1️⃣ Future-Proofing Payments: Navigating Policy, Standards, and Innovations sponsored by Swift 🎤 Julie Bolan will discuss the impact of global payment standards on the financial ecosystem, focusing on adapting to new technologies and regulatory changes. 2️⃣ Global Retail Payment Trends: Asia’s QR Revolution, Europe’s Open Banking Wave, America’s Card Dominance sponsored by Industrial and Commercial Bank of China 🎤 Join our panel of experts Anna Pulante from IKEA, Joe Rastrick from Bank of New Zealand, and Carolyn Young from Retail NZ as they explore global retail payment trends including Europe’s open banking, Asia’s QR code revolution, and America’s card dominance, with insights on how Aotearoa can lead future payment innovations. 3️⃣ Perspectives on Global Payments Modernisation Approaches 🎤 Industry leaders Luke Wilson from Australian Payments Network (AusPayNet), Daniel Jonas from Pay.UK and Chad Haighmark from Payments NZ take the stage to discuss global payments modernisation, sharing successes, challenges, and lessons learned. Our Limelight Room stream is all about digital transformation and cyber security, with sessions including: 1️⃣ Navigating the Future of Payments sponsored by Stripe 🎤 Join Ben Hanna, Stripe’s NZ Country Manager, to explore the future of the internet economy, global money movement, AI’s role in revenue and fraud, and payment trends shaping businesses. 2️⃣ Fighting Digital Fraud in the Generative AI Age: Examining the Global Scam Economy 🎤 This panel examines how Generative AI has transformed digital fraud, creating a complex global scam economy. Learn how businesses can use technology and data analytics to combat fraud. Panelists include Avalon Ingram from Swift, Toby Evans from Australian Payments Network (AusPayNet), and Emilie McCallum from Mosaic, moderated by Binu Paul 3️⃣ The Intersection of Digital Identity, Payments, and Open Banking: Unlocking the Future of Financial Services 🎤 This panel featuring Rick Iversen from @ConnectID, Jason-Urranndulla Davis from HOLDACCESS (WUNA), and Julia N. from Worldline will explore how digital identity intersects with payments and open banking, enhancing security, privacy, and user experience. Topics include biometric authentication and blockchain-based identity management. Join us at The Point 2024 to gain valuable insights and connect with industry leaders: https://lnkd.in/gvbUNwm8 Connect with the team for more information: Steve Wiggins, Jane-Renee Retimana, Vanessa Ronan-Pearce 🎶, Lisa Ibarra, Chad Haighmark, Phil Cass, Jamie Wood, Angela Gill, Nina Seja, Richard V., Sam Finnemore, Sajel Parsotam #ThePoint2024 #PaymentsNZ #Banking #OpenBanking #Payments #Fintech #Innovation