Qippay completes Open Banking agreements with major New Zealand banks, Secures ISO 27001  2022 Certification

AUCKLAND, New Zealand – October 2024   

Kiwi fintech Qippay, a leading open banking infrastructure provider, has signed an agreement with ANZ, completing its network of New Zealand’s major banks.

Alongside this milestone, Qippay has also been successfully certified to comply with ISO 27001, further establishing its commitment to simple, secure, and affordable, open banking solutions through its flagship product, Qip PayBy.

“With ANZ now on board, we’re in a strong position to accelerate the scale of open banking, driving further innovation and adoption in the market,” says Ashley Lake-Johns, CEO and co-founder of Qippay.

The agreement will allow Qippay to materially scale its operations, creating broader adoption of open banking across New Zealand.  

“This is a pivotal moment for us, and with ISO 27001 certification now in hand, our customers can be more confident than ever in our ability to deliver secure and safe solutions.”  

Qippay enables merchants to embed open banking functionality directly within their own products and services, offering seamless, affordable and secure bank-to-bank transactions.

“We’re delighted to have reached this agreement with Qippay,” said ANZ’s Head of Open Banking, Jody Bullen.

“We look forward to adding them to our approved third-party payment providers so our customers can use Qippay’s Open Banking services.

“This agreement is another important milestone, as ANZ supports the growth and development of Open Banking for New Zealanders.”

The ISO 27001 certification reinforces Qippay’s dedication to international benchmarks for information security management, evidencing a commitment and ability to securely protect all data and information to the highest global standard. 

“Along with these exciting relationship and security developments, our growth and investment plans are progressing very well,” adds Lake-Johns. “We’ve seen material interest from merchants across a range of sectors, and with this expanded banking network, we’re well-positioned to meet the evolving needs of our clients. And investor interest is also spiking.” 

Interest in Qip PayBy, Qippay’s embedded payments solution, has been driven by its unique focus on offering a more flexible and customisable payment experience for businesses to integrate into their own branded environments. This allows businesses to deliver a more seamless payment experience to everyday Kiwis, whilst providing a more affordable and secure payment option. 

Looking ahead, Qippay is also in talks with local banks to further expand its reach and drive adoption throughout New Zealand. “We are actively engaging with local banks to bring them into the open banking ecosystem, enabling their business and consumer clients’ to benefit directly from the advantages of open banking,” Lake-Johns confirms. 

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