Mint Payments, the mobile payments and transaction processing company has partnered up with Bank of New Zealand (BNZ) to launch BNZ’s PayClip, which will allow business owners to accept a range of payment methods.
The product will be able to accept methods such as the full gamut of card payments including Visa and MasterCard magnetic and chip-and-PIN. It will also work with new technology such as NFC and Apple Pay.
New Zealand’s electronic payment market is expanding very quickly. In January alone 125 million card transactions were processed, adding up to NZD6.2 billion across all transactions.
New Zealand also looks to be a keen adopter of new payment methods. It is predicted that the country’s smartphone penetration will rise to 90 per cent by 2018.
Mint Payment also has an aggregation agreement with Paymark, one of New Zealand’s largest EFTPOS systems providers. Mint Payment says Paymark processes roughly 75 per cent of the country’s electronic transactions.
“PayClip has been available to our customers since September 2013, and we’ve worked closely with them to deliver even better value through compatibility with more smart devices via Bluetooth connectivity, increased payment options and contactless payment technology,” commented BNZ’s head of small business, Harry Ferreira.
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