Why our banks are friending FinTech startups

The reason New Zealand has been slow to adopt FinTech is because debit and credit cards are a very efficient system here – much more so than overseas. I spoke with Kiwibank‘s Digital Advisor, Peter Fletcher-Dobson, about the relative lack of FinTech in this country. “In New Zealand, debit cards rule,” he told me, “but thanks to contactless terminals, credit card transactions are growing. Mobile payments, despite the hype around Apple Pay, are barely on the radar.”

 

KiwiWealth has been added as a new sponsor added at the CFA Society New Zealand "Disruptive Innovation in Financial Services" conference in Auckland on 18th May 2017 and Kristen Lunman will be speaking about the Kiwibank FinTech Accelerator programme.