BlinkPay research finds late payments cost NZ businesses $1.5bn/year in operational efficiencies.

New research by Māori-owned digital payments firm BlinkPay reveals late payments cost NZ businesses $1.5bn/year in operational efficiencies. 44.3% of surveyed businesses identified late payments as a critical issue, while 39.5% felt merchant service fees were too high. BlinkPay advocates for open banking to address these challenges, offering a secure, user-friendly payment option with low fees.

August 23, 2024
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