Open Banking in New Zealand – What It Means for Your Business
Open banking is transforming how businesses in New Zealand accept payments and access account data — securely, in real-time, and without cards or screen scraping. With BlinkPay, you can integrate open banking payment and data APIs from NZ’s major banks into your platform.
Open banking in New Zealand – backed by the Customer and Product Data Act
Open banking in New Zealand is entering a new regulatory era with the Customer and Product Data Act (CPD NZ), which is set to come into legal effect in the first week of December. This legislation will govern how consumers securely share their banking data via bank-approved APIs.
Coming into Legal Effect
The Customer and Product Data Act (CPD NZ) is set to come into legal effect in the first week of December, establishing the regulatory framework for open banking in New Zealand.
Industry-Led Initiative
An industry-led initiative coordinated by the API Centre is developing a common API provider accreditation regime and standard industry agreement templates to support the rollout.
Open Banking Payments
Accept fast, secure account-to-account payments using CPD-compliant APIs. BlinkPay enables businesses to process direct bank payments seamlessly and securely.
Account Data Access
Retrieve customer-authorised data including account balances, transaction history, credit cards, loans, and mortgage information through Blink Data Services.
By aligning with New Zealand's emerging open banking standards and participating in the new accreditation framework, BlinkPay offers a secure, compliant solution for modern payments and financial data access.
Blink Data Services – Secure Access to Bank Data
With Blink Data Services, you can access customer-authorised financial data from major New Zealand banks, including:
Our Account Information API is fully compliant, secure, and ready to power a new generation of financial services — from personal finance dashboards to automated lending workflows.
Account Overview
Recent Transactions
How Open Banking Payments Work with BlinkPay
Open banking payments with BlinkPay are seamless and secure. Customers simply pay from their existing bank account using a process they already trust — no cards, no extra logins, and no new accounts required. Here’s how it works: BlinkPay connects directly to major New Zealand banks through secure APIs. When a customer makes a payment, they simply select their bank, authenticate through their bank’s secure system, and approve the payment. No card details or new accounts are required.
Checkout
Choose Bank
Authenticate
Complete
Checkout
Choose Bank
Authenticate
Complete
Why NZ Businesses Are Switching to Open Banking
Open Banking Payments
Direct account-to-account transfers, no cards needed
Direct Bank Transfers
Skip card networks entirely with account-to-account payments
Instant Authorisation
Customers approve payments directly in their banking app
No Direct Debit authority required
No need to sign up as a direct debit initiator
Recurring Made Simple
Set up recurring payments without forms or delays
Universal Coverage
Works with all major NZ banks through one connection
Powered By
Why choose BlinkPay
BlinkPay is New Zealand's first purpose-built open payment gateway — ISO/IEC 27001:2022 certified, and integrated with ANZ, ASB, BNZ, and Westpac. Whether you're building payment flows or financial data products, our RESTful APIs and local support make it simple.
Payment Flows
Build secure, compliant payment systems with our comprehensive API suite designed for modern financial applications.
Financial Data
Access real-time account information and transaction data securely through our open banking APIs.
Ways Your Business Can Benefit
Discover how open banking transforms different industries with secure, real-time financial data access and streamlined payment solutions.
Business Solutions
Accept instant payments with 60% lower fees than cards. Enable recurring payments without dishonours. Verify accounts in real-time for KYC and lending. Automate reconciliation with pre-filled references.
eCommerce & Retailers
Accept payments faster, with lower fees. Streamline checkout experiences and reduce payment processing costs with direct bank-to-bank transfers.
Investment Platforms
Enable near real-time bank deposits and KYC checks. Accelerate customer onboarding with instant account verification and seamless funding.
Lenders & Credit Platforms
Access balance and transaction data to assess affordability. Make faster, more accurate lending decisions with real-time financial insights.
Subscription Services
Power recurring payments via enduring consent. Reduce failed payments and improve customer retention with reliable bank-to-bank transactions.
Accounting Tools & ERPs
Automatically sync customer account info and transactions. Eliminate manual data entry and provide real-time financial reporting capabilities.
Ready to transform your business with open banking? Explore our APIs and discover the possibilities.
Open Banking Questions
Start Accepting Open Banking Payments in NZ
- BlinkPay makes it easier to integrate secure, near real
- time bank payments and account data access. Talk to our team to launch your open banking solution.