The Commerce Commission has published a statement of preliminary issues relating to an application from Payments NZ Limited (Payments NZ) seeking authorisation to work with API providers and third parties to develop arrangements that, according to Payments NZ, will facilitate a more well-utilised, secure and innovative open banking framework.
The statement outlines the key competition issues that the Commission considers important in deciding whether or not to grant authorisation for Payments NZ’s proposed arrangement.
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