OceaniaVarious (no single national IPS like NPP yet)

New Zealand Payments

New Zealand Electronic Funds Transfer / SBI Payments

🇳🇿 New ZealandNZD (New Zealand Dollar)

IssuerPayments NZ LimitedVisit issuer →

Payment Types

EFT (Electronic Funds Transfer)Direct credits/debitsOnline banking paymentsEFTPOS (debit card)

Key Features

Well-established EFT system with fast settlement
EFTPOS widely used for in-store payments
Payments NZ oversees payment system rules
Open banking initiative underway
Lower priority for instant payments due to already-fast existing systems

Statistics

noteNew Zealand has established and relatively fast EFT systems but no dedicated instant payment system equivalent to NPP yet; EFTPOS is dominant for in-store

Profile

NetworkNew Zealand Payments

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