Kiwibank has successfully gone live with ACI Worldwide's Enterprise Payments Platform, a managed cloud solution that will process all of Kiwibank's account-to-account real-time payments. The Reserve Bank of New Zealand has urged local banks to pick up the pace in New Zealand's journey towards real-time payments. New Zealand's economy could benefit from additional economic growth of $271 million, or 0.1%, by 2027 if the country were to introduce a domestic real-time payments scheme, according to a study by the Centre for Economic and Business Research commissioned by ACI and Payments NZ, the payments industry association responsible for the governance of New Zealand's core payment systems. Kiwibank is a long-standing ACI banking customer, leveraging ACI's ATM/POS and AI-powered Fraud Management solutions.

The strategic partnership with ACI marks a significant milestone in Kiwibank's digital transformation efforts and sets the foundation to unlock the benefits of real-time payments.