We've built the future

Back in the late 80’s, Kiwis were introduced to an unprecedented wave of payments innovation with EFTPOS. And the secret to its success is simple. Open industry collaboration, powered by Paymark’s ubiquitous and secure payments network. Payments is once again on the cusp of significant disruption. There's a lot of talk about open banking, open platforms and open APIs to power the next wave of payments innovation in New Zealand.

It’s not just talk. Paymark has built it and it’s inspired by the same kiwi ingenuity and collaborative spirit that has fuelled Paymark’s EFTPOS network for all these years. 






Power your next payments innovation

To keep things short and sweet, we’re calling it OPEN – it stands for the Open Payments Enabled Network. In a nutshell, OPEN is a centralised cloud-based hub or network that everyone can connect to via simple APIs to rapidly develop, evolve and deliver innovative payment experiences. And by everyone we mean… everyone. Banks, our payments industry partners, fintechs and kiwi businesses alike.  Our vision is simple - to help New Zealand business succeed. To forge ahead and deliver new payment experiences for a digitally enabled mobile first world.

OPEN already has the ability to reach over 50% of kiwis through a partnership with ASB, The Cooperative Bank and Westpac. 

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What can OPEN do for you?

OPEN can handle the heavy lifting on identity, authorisation and settlement for your next payment innovation. We’re also here to advise and help you with on-boarding, security, compliance and anti-money laundering. Then there’s our own vision for payment innovation in New Zealand. Here are just some of the new payment experiences we have launched, or are chatting to our industry partners to launch in the near future:


Online Eftpos

Online Eftpos is the next generation of online payments. It provides consumers with a new payment experience that securely accesses real money directly from a bank account. With Online EFTPOS there is no need to enter a credit card or bank account number and we never ask consumers to expose their online banking credentials. Ever. 

For store owners it’s a secure, low cost alternative to traditional online payment options. 




Peer to peer

We think that paying your mates should be an easy, realtime payment experience no matter who you bank with. With OPEN, we have designed an experience where Kiwis can instantly send and receive money using a mobile phone number as the unique identifier, rather than a bank account number. Requesting and receiving money from your mates can also be streamlined and fun with the option to send and receive custom messages and push notifications.






Realtime invoicing and payments
No additional hardware required
Payments received in banking app



Send bills/invoices directly to banking app
Enjoy faster, more efficient bill payments
Eliminate direct debit costs



Redesign your in-store POS experience
Manage proof of purchase within an app
Reduce operating costs & manage risk



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Your invitation

Let’s take the next step in payments innovation together. If you want to chat about OPEN and how we can help you access the Open Payments Enabled Network, leave your details here and one of the Paymark team will be in touch.