BlinkPay proves ‘near instant’ payments

Te Ao Māori

3 mins to read

Key points

What’s at stake? BlinkPay says New Zealand businesses could get faster access to cash without waiting years for a new national payments system.
Background BlinkPay and BNZ tested open banking payments that appeared in a recipient BNZ account in an average of 2.6 seconds.
Main players BlinkPay chief executive Adrian Smith, BNZ, other banks, payment partners and the Reserve Bank are now central to whether the test becomes a wider commercial service.

BlinkPay and BNZ have tested real time payments through open banking, with funds appearing in a recipient BNZ account in an average of 2.6 seconds.

BlinkPay chief executive Adrian Smith said the test showed New Zealand did not need to wait for a new national payments platform before faster payments

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Mike McRoberts Wed, 27 May 2026

Contact the Writer: Mike@nbr.co.nz

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