Bank of New Zealand unveils BNZ Pay point of sale mobile app

Monday 1 August 2022 15:11 CET | News

Bank of New Zealand (BNZ) has unveiled BNZ Pay, a retailer-focused mobile app that equips Android smartphones with contactless payment capabilities.


According to the bank’s representatives cited by, the app will primarily benefit small and medium enterprises in New Zealand, as it will allow them to accept contactless payments using only an Android smartphone.

The same representative went on to reveal that BNZ Pay will be offered at no monthly cost to merchants who settle into a BNZ account until January 2024. After that date, the app will cost NZD 10 per month.

Apart from allowing Android smartphones to accept payments, the app can also manage customer profiles, issue invoices, and send receipts via text or email.

A recent report issued by the Reserve Bank of New Zealand that analyses the impact of COVID-19 on cash use in the country reveals that local consumer preferences are shifting away from cash in favour of digital solutions. The report states that only 70% of New Zealand’s citizens used cash as one way to pay for everyday things in 2020. In 2017 and 2019, 96% of New Zealanders used cash as one of their payment methods.

Bank of New Zealand unveils BNZ Pay point of sale mobile app

BNZ partners Visa and Quest Payment Systems

BNZ Pay is being delivered by the Bank of New Zealand in partnership with Visa and Quest Payment Systems. As cited by, officials from Visa stated that this new app could help small businesses grow in today’s digital economy. The statement was reinforced by the fact that New Zealanders have been fast adopters of contactless payment technologies.

Quest Payment Systems’ representatives have stated for the same source that Tap to Phone technology could enable more convenient payment experiences for both consumers and businesses in New Zealand.

As far as technical requirements are concerned, the BNZ Pay app is compatible with smartphones running on Android 9.0 or above. Devices must also be equipped with Near Field Communication and have it enabled while receiving payments. Customers can sign up online for BNZ Pay on the bank’s website.

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Keywords: product launch, mobile payments, online payments, Android
Categories: Payments & Commerce
Companies: Bank of New Zealand
Countries: New Zealand
This article is part of category

Payments & Commerce

Bank of New Zealand

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