Open Banking - Post Plastic World
New Zealand has been a world leader in terms of digital payments for more than 30 years but today that lead is under threat, if we can say it exists at all.
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Regional trends
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Online EFTPOS
Payments
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Virtual Reality
paymark insights
EFTPOS
Facial recognition
biometrics
data
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Online Banking
Digital Payments
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Kiwi small businesses digitisation gains momentum
New Zealand’s small businesses are digitising at a rapid pace – pushed by lockdowns, customer demand and fast-changing technology opportunities. The momentum is building as the Government supports upskilling through its Digital Boost initiative and businesses themselves look for ways to improve productivity when skilled workers are in short supply.
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Plastic apocalypse
Millennials are turning away from credit cards; just 41% of Aussie Millennials* and 33% of US Millennials have one*, compared to more than half of older consumers.