NZ Commerce Commission supports Payments NZ's proposal to develop an open banking API framework.
NZ Commerce Commission preliminarily supports Payments NZ's proposal to develop an open banking API framework for partnering with banks and fintechs. The Commission's preliminary view is based on the potential benefits of reduced transaction costs and improved contract terms for such partnerships. Payments NZ is seeking conditional authorization to lead the development of a standardized partnering framework for an 18-month period.
July 01, 2024
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