Alternative Payments Gain Traction in New Zealand, Says Timetric in Its Mew Report Published at MarketPublishers.com

01 Sep 2016 • by Natalie Aster

LONDON – Innovation has become a focus of banks in New Zealand since they aim at improving services for business as well as individual customers. E.g., a digital platform was launched in H1 2015 by Westpac.

One more financial organisation, ANZ, has released an update of its mobile banking app in October 2015 which was launched two years earlier.

Tourists and Chinese students represent the largest pool of overseas residents in the country. ANZ initiated to accept UnionPay payment cards at its POS terminals and ATMs in order to improve services for this category of customers.

Besides, ANZ is also the very first bank in New Zealand that started accepting Quick Pass.

Alternative payments are also increasing in popularity in the country due to growing availability of new payment options.

E.g., the Visa Checkout online payment service was launched in the country in late 2015. goMoney wallet was also launched by ANZ bank in the same month.

New research report “The Cards and Payments Industry in New Zealand: Emerging Trends and Opportunities to 2020” elaborated by Timetric offers a comprehensive analysis of the New Zealand’s cards and payments industry. The study contains information on key facts and events related to this industry. It covers payments industry in detail.

The report delves deep into trends in the e-commerce and alternative payments space. The research study explores the local regulatory landscape. It canvasses industry drivers, as well. The research report analyzes all market segments, shares with a reader historical data and projects future changes through 2020.

Report Highlights:

  • all-round overview of the industry;
  • coverage of historical trends;
  • investigation of market segments’ performance;
  • details on driving forces;
  • exploration of the competitive environment;
  • future outlook;
  • and more.

Other Markets and Industries Examined by Our Partner Include:

More new reports by Timetric are available at its page

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