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BlinkPay, an open banking fintech established in 2015, connects with all major New Zealand banks to offer a suite of payment services. Now, with BNZ as its new owner, the company is poised for accelerated growth and expanded innovation.
BNZ plans to leverage its resources and expertise to support BlinkPay’s product development and scale its offerings. Adrian Smith, BlinkPay’s co-founder, will take on the role of CEO under BNZ’s ownership.
“As a Māori-led business, we bring a unique perspective to financial innovation,” said Smith. “BNZ understands and values this and supports our vision while allowing us to retain our startup DNA. Our mission has always been to make financial services work better for all New Zealanders, and BNZ’s support will help us grow the open banking ecosystem across Aotearoa.”
BNZ’s open banking platform currently serves 250,000 customers. BNZ CEO Dan Huggins commented, “This acquisition marks the next phase in our journey. With BNZ backing BlinkPay’s agility and innovation, we can accelerate the development of new products and services that will benefit all New Zealanders.”
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