Public ID: PID-GX4JXG

New Zealand mandates open banking, creating a clearer pathway for UK financial technology (fintech) expansion

in New Zealand

Trade barrier summary

New Zealand’s government has introduced a mandatory open banking regime requiring major banks to provide secure data sharing and payment initiation through accredited application programming interfaces (APIs). This shift from a voluntary to a regulated framework, phased in from December 2025, removes long standing adoption barriers and improves system reliability.

The reforms give UK fintechs greater clarity, interoperability and commercial certainty as they enter New Zealand’s expanding digital finance market.

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Sectors affected

• Financial and professional services
• Technology and smart cities

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Resolved

Yes - December 2025

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Date reported

20 February 2025

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Last updated

23 January 2026

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Public ID

PID-GX4JXG

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