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3 impactful FinTech companies in New Zealand

By Leandra Monteiro

August 09, 2022

  • Domestic Payments
  • Eftpos
  • FinTech
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fintechIn the last decade, developments in technology and the evolving data economy have led to a surge of innovation that continues to reshape traditional financial products and services. The financial technology (FinTech) sector continues to progress rapidly.

FinTech companies in New Zealand have made a substantial impact on the country’s start-up ecosystem. For years, New Zealand has been at the forefront of financial innovation, from cryptocurrencies to blockchain technology, e-commerce payments, and digital identity. The countries start-up ecosystem has led to a number of local businesses adopt new technologies.

Here are 3 such FinTech companies in New Zealand:

Invenco

Invenco is a global provider of secure payment processing and customer engagement solutions for the retail fuel and convenience markets. Invenco’s range of products include outdoor payment terminals and cloud-based software services. Invenco continues to build on its legacy of ground-up engineering in security and rugged automation to deliver robust technology solutions to petroleum and other retail segments.

Invenco works through its network of partners to deliver geographically optimized versions of its products around the world. Headquartered in New Zealand, Invenco operates offices in the USA, Malaysia and the UK.

Smartpay New Zealand

Smartpay is the largest independently owned and operated EFTPOS provider in New Zealand. Whatever the size or industry, trust Smartpay to help make it easy for customers to pay companies whenever, and however they want.

In New Zealand, the company is largest direct connector of EFTPOS terminals to Paymark, the central electronic payment processing platform. It has a long-standing relationship with its bank partners ranging from terminal supply to fully outsourced service offerings.

Xero

Xero is a cloud-based accounting software platform for small businesses with over 2.7 million subscribers globally. Through Xero, small business owners and their advisors have access to real-time financial data any time, anywhere and on any device. Xero offers an ecosystem of over 1,000 third-party apps and 300 plus connections to banks and other financial partners.

ALSO READ: Global Digital Banking Vendor & Landscape Report Q2 2022

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