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Feisty fintechs drive ANZ review of open banking payment limits
['Andy Macdonald']
BusinessDesk | NZ breaking news and commentary on business, NZX and politics
MBIE's Daryl Pettitt has a close eye on open-banking per-payment limits.
(Image: Supplied/DepositPhotos)A major handbrake to open banking’s expansion is about to be relaxed as the sector regulator pushes ANZ to lift per-payment limits to realistic levels for the new transacting type.The Ministry of Business, Innovation and Employment (MBIE) is now addressing the matter directly with ANZ and the sector, after the matter was brought to the fore in a testy conference call between the regulator and multiple frustrated fintechs.
“After a [separate] meeting this week, MBIE has received commitments that changes are being progressed,”&nb...