In Depth: Australia And New Zealand Pave Way For Global Open Banking Harmonisation

Payments bodies in New Zealand and Australia are examining ways to adopt common standards in open banking regimes shaping both jurisdictions, as ambition for closer international cooperation “builds up a head of steam”.

Both Payments NZ and the Australian Payments Network told PaymentsCompliance that they support a joint report by the statutory economic advisory bodies of both countries, which suggests that circumstances are ripe for collaboration between the two countries on open banking.

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