Financial institution of New Zealand (BNZ) has unveiled BNZ Pay, a cellular app for retailers that transforms an Android gadget right into a contactless cost terminal.
The service cost drops to zero in months when the app just isn’t in use, making it a helpful device for seasonal micro-merchants and non-profit organisations that run occasional occasions and avenue appeals.
In addition to accepting funds, the app consolidates gross sales knowledge right into a dashboard and might concern invoices, handle buyer profiles, and ship receipts by textual content or electronic mail.
BNZ govt, buyer, merchandise, and providers, Karna Luke, says: “We’re actually enthusiastic about how BNZ Pay will change the sport for Kiwi SMEs significantly on the smaller finish of the size. Whether or not you’re a weekend market vendor, an area café or meals truck, a sole dealer or taxi driver, you’ll now have the ability to settle for contactless funds – Kiwis’ most popular cost possibility – for the bottom value available in the market by merely utilizing an Android cellphone.”
In neighbouring Australia, Westpac is presently trialling Quest Fee Programs’ Airpay TAP expertise with small companies, earlier than making it extra broadly accessible in 2023.