ASB Partners with Qippay Joining the Open Banking Movement in New Zealand

What does this mean for Customers and Merchants?

We are delighted to announce that ASB Bank has joined our family at Qippay, marking a significant advance in the open banking landscape in New Zealand. This partnership is not just a collaboration between two entities but a major step towards transforming the financial experiences of customers and merchants alike. We are also proud of our existing collaborations with BNZ and Westpac, which have already solidified our position at the forefront of innovative banking solutions.

Significant Reduction in Transaction Fees for Merchants

Firstly, merchants partnering with us can now benefit from a significant reduction in transaction fees, thanks to the integration of ASB’s robust banking infrastructure with Qippay’s innovative payment platforms. This decrease in costs enables merchants to enhance their profitability while focusing on business growth.

Streamlined Payment Processes

With ASB, BNZ, and Westpac already on board, our commitment to offering streamlined and cost-effective payment solutions becomes even stronger. Customers can enjoy seamless transaction experiences with enhanced security, further reducing operational costs and improving efficiency.

Advantages for Merchants

Merchants can anticipate more straightforward payment procedures, enabling them to concentrate more on expanding their businesses rather than navigating complex payment environments. The integration with ASB enhances Qippay’s reach, providing merchants across New Zealand with a broader customer base and more efficient transaction processing.

A Win for Open Banking

This collaboration is more than just a commercial deal; it’s a testament to the growing acceptance and implementation of open banking in New Zealand. ASB’s participation, alongside BNZ and Westpac, signifies a strong endorsement of this vision. Working with ASB has been exceptionally rewarding. Their team’s commitment to open banking and readiness to embrace innovation have made our collaborative efforts not only successful but also extremely rewarding.

Looking Ahead

The future of Open banking in New Zealand looks promising as we continue to welcome more institutions like ASB into the open banking framework that the API Centre has built.

This partnership is not only about enhancing the payment landscape but also about setting a benchmark for innovation and customer-centric services in the financial sector.

We are excited about the possibilities this partnership unlocks and are committed to continuing our mission to revolutionise payments in New Zealand, making them more accessible, efficient, and secure for everyone involved.

Discover more about open banking from ASB. Read More

Stay tuned for more updates as we forge ahead in this exciting era of digital banking transformation!

Stay tuned for more updates as we forge ahead in this exciting era of Open Banking in New Zealand!

Get in touch to find out more