Thursday, November 21, 2024
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Bank of New Zealand Acquires BlinkPay to Boost Open Banking Solutions

  • Bank of New Zealand (BNZ) has acquired Auckland-based open banking fintech BlinkPay to expand its leadership in New Zealand’s open banking sector.
  • Founded in 2015, BlinkPay provides payment and billing solutions aligned with New Zealand’s Consumer Data Right initiative.
  • Under BNZ, BlinkPay will continue to operate with its startup culture, now supported by BNZ’s resources to accelerate innovation.
  • This acquisition enhances BNZ’s open banking offerings, which already serve over 250,000 customers in New Zealand.

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