New Zealand: Kiwibank launches QuickPay

Kiwibank has launched QuickPay, a mPOS solution that includes a mobile payment app and separate device. QuickPay comes with a range of nifty features for merchants including the ability for merchants to create and maintain an online product catalogue, email quotes, invoices and receipts directly to customers and process refunds – all of which can be done from within the app.

Furthermore, business employees can easily use QuickPay as all they would need to do is download the app and register their details.  mPOS solutions have gained significant traction in recent years as they allow merchants who usually have barriers to accepting card payments (such as micro-SMEs and mobile businesses) to be able to accept card payments.

The rapid growth and success of Square in other markets such as US, Canada, Japan, Australia and the UK may be inspiring acquirers to build solutions for merchants who would traditionally struggle to accept card payments from their customers. Data from RFi shows that around 2 in 5 merchants who operate door-to-door/ in people’s homes find various types of mPOS solutions to be highly appealing.

Data: RFi Group New Zealand Merchants Program, August 2017

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