Wallets/kiwibank
Kiwibank
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Overview
Kiwibank is a 100% Kiwi-owned New Zealand state-controlled bank + first NZ bank to roll out open banking across all channels (mobile app + internet banking) 2025 [1, 2, nz-cro]. 2025 baseline: Kiwibank Mobile Banking app (award-winning mobile banking + payment app in New Zealand) + kiwibank.co.nz online + Kiwibank cards + Kiwibank branch network + QuickPay+ business banking app distinctive New Zealand business payment app; 2025 — Kiwibank first NZ bank to roll out open banking across all channels (individual + business customers; both open banking payments + data sharing through internet banking + mobile app) — distinctive New Zealand open banking pioneer.
Distinctive Kiwibank positioning [1, 2, 3]:
- 100% Kiwi-owned New Zealand state-controlled bank
- First NZ bank to roll out open banking across all channels (mobile app + internet banking) in 2025 — distinctive New Zealand open banking pioneer (both open banking payments + data sharing through internet banking + mobile app for individual + business customers)
- 2002 Kiwibank founding by NZ Post as 100% Kiwi-owned NZ Post subsidiary — distinctive New Zealand state postal banking heritage
- 2016 NZ Post divestiture → Kiwibank ownership transferred to NZ Post (47%) + ACC (Accident Compensation Corporation NZ state insurance; 22%) + NZ Super Fund (NZ state sovereign wealth fund; 25%) → distinctive Kiwibank multi-NZ-state-entity ownership structure
- QuickPay+ business banking app — distinctive New Zealand business payment app
- Award-winning Kiwibank Mobile Banking app in New Zealand
History
2002 — Kiwibank founded by NZ Post as 100% Kiwi-owned NZ Post subsidiary → distinctive New Zealand state postal banking heritage.
Feb 11 2002 — Kiwibank starts operations via NZ Post branch network leveraging.
2011 — Kiwibank Mobile Banking app launches.
Oct 27 2016 — NZ Post divestiture → Kiwibank ownership transferred to NZ Post (47%) + ACC (22%) + NZ Super Fund (25%) → distinctive Kiwibank multi-NZ-state-entity ownership structure.
2025 — Kiwibank first NZ bank to roll out open banking across all channels (individual + business customers; both open banking payments + data sharing through internet banking + mobile app) → distinctive New Zealand open banking pioneer [2].
Ownership & operator
Operating entity: Kiwibank Limited (NZ Post + ACC + NZ Super Fund post-Oct 27 2016 NZ Post divestiture; NZ state-controlled).
Major shareholders: NZ Post (~47%) + ACC (Accident Compensation Corporation NZ state insurance; ~22%) + NZ Super Fund (NZ state sovereign wealth fund; ~25%) + Other NZ state minor shareholders — distinctive Kiwibank multi-NZ-state-entity ownership structure (100% Kiwi-owned).
Regulators: RBNZ (Reserve Bank of New Zealand) + FMA (Financial Markets Authority New Zealand).
Technical integration
Kiwibank Mobile Banking app (iOS + Android; award-winning mobile banking + payment app in New Zealand) + kiwibank.co.nz online + Kiwibank cards (Visa + Mastercard) + Kiwibank New Zealand branch network + QuickPay+ business banking app distinctive New Zealand business payment app; NZ Payments + DaPay (New Zealand instant payments); 2025 first NZ bank to roll out open banking across all channels (individual + business customers; both open banking payments + data sharing through internet banking + mobile app) → distinctive New Zealand open banking pioneer.
Users & growth
2025: Kiwibank Mobile Banking app (award-winning mobile banking + payment app in New Zealand); Kiwibank first NZ bank to roll out open banking across all channels (individual + business customers).
Use cases
New Zealand retail + private + corporate + SME + investment banking via Kiwibank Mobile + kiwibank.co.nz online + cards + branches + QuickPay+ business banking app + open banking across all channels (individual + business customers; both open banking payments + data sharing through internet banking + mobile app); NZ Payments + DaPay (New Zealand instant payments).
Implementations & partners
Operator: Kiwibank Limited; NZ Post (~47%) + ACC (~22%) + NZ Super Fund (~25%) + Other NZ state minor shareholders (100% Kiwi-owned multi-NZ-state-entity ownership structure).
Kiwibank Group subsidiaries: Kiwi Insurance + Kiwibank Securities.
Major New Zealand banking competitors: [[anz-nz]] (Australia and New Zealand Banking Group; New Zealand's largest bank by assets) + [[asb-bank]] (Commonwealth Bank of Australia Australian subsidiary; ASB won Canstar's Award for Bank of the Year Digital Banking for 4 consecutive years 2022-2025) + [[bnz]] (Bank of New Zealand; NAB Australian subsidiary) + [[westpac-nz]] (Westpac New Zealand; Westpac Australian subsidiary) + [[heartland-bank]] (post-2018 ASX dual listing) + [[tsb-nz]] (Taranaki Savings Bank).
Regulators: RBNZ + FMA.
Fun facts
- 100% Kiwi-owned New Zealand state-controlled bank.
- First NZ bank to roll out open banking across all channels (mobile app + internet banking) in 2025 — distinctive New Zealand open banking pioneer (both open banking payments + data sharing through internet banking + mobile app for individual + business customers).
- 2002 Kiwibank founding by NZ Post as 100% Kiwi-owned NZ Post subsidiary — distinctive New Zealand state postal banking heritage.
- Oct 27 2016 NZ Post divestiture → Kiwibank ownership transferred to NZ Post (47%) + ACC (22%) + NZ Super Fund (25%) → distinctive Kiwibank multi-NZ-state-entity ownership structure.
- QuickPay+ business banking app — distinctive New Zealand business payment app.
- Award-winning Kiwibank Mobile Banking app in New Zealand.
Comparison
| Feature | Kiwibank | [[anz-nz]] (Australia and New Zealand Banking Group; New Zealand's largest bank by assets rival) | [[asb-bank]] (Commonwealth Bank of Australia subsidiary; ASB won Canstar's Award for Bank of the Year Digital Banking 4 consecutive years rival) | [[bnz]] (Bank of New Zealand; NAB Australian subsidiary rival) | [[westpac-nz]] (Westpac New Zealand; Westpac Australian subsidiary rival) |
|---|---|---|---|---|---|
| Operator | Kiwibank Limited (NZ Post + ACC + NZ Super Fund post-Oct 27 2016 NZ Post divestiture; NZ state-controlled) | ANZ New Zealand (Australia and New Zealand Banking Group Limited subsidiary; ASX: ANZ parent) | ASB Bank Limited (Commonwealth Bank of Australia subsidiary; ASX: CBA parent) | Bank of New Zealand (National Australia Bank subsidiary; ASX: NAB parent) | Westpac New Zealand (Westpac Banking Corporation subsidiary; ASX: WBC parent) |
| Type | 100% Kiwi-owned NZ state-controlled bank + First NZ bank to roll out open banking across all channels in 2025 + 2002 Kiwibank founding by NZ Post + QuickPay+ business banking app + Award-winning Kiwibank Mobile Banking app | New Zealand's largest bank by assets + ANZ Group Australian subsidiary + ANZ goMoney + ANZ Plus | One of New Zealand's Big 4 banks + CBA Australian subsidiary + ASB Mobile + ASB Mobile Business app + 4-year Canstar Bank of the Year Digital Banking | NAB Australian subsidiary + BNZ Mobile + BNZ Markets investment banking | Westpac Australian subsidiary + Westpac One mobile banking + Westpac Wealth |
| Country | NZ | NZ + AU | NZ | NZ + AU | NZ + AU |
| Distinctive | Feb 11 2002 Kiwibank founding by NZ Post as 100% Kiwi-owned NZ Post subsidiary; 2011 Kiwibank Mobile Banking app launch; Oct 27 2016 NZ Post divestiture (Kiwibank ownership transferred to NZ Post 47% + ACC 22% + NZ Super Fund 25%); QuickPay+ business banking app; 2025 first NZ bank to roll out open banking across all channels (individual + business customers; both open banking payments + data sharing) | 1840 Union Bank of Australia founding (ANZ Group ultimate heritage); 1979 ANZ Group formation via Australia and New Zealand Bank merger | Jun 1847 Auckland Savings Bank founding in Auckland (one of NZ's oldest banks); 1988 ASB Bank rename; 1989 CBA 75% acquisition; 2000 CBA 100% acquisition completion | 1861 Bank of New Zealand founding; 1992 NAB 100% acquisition | 1861 Westpac Banking Corporation New Zealand heritage (formerly Bank of NSW) |
Status
Active, 100% Kiwi-owned New Zealand state-controlled bank + first NZ bank to roll out open banking across all channels in 2025 [1, 2, 3]:
- Kiwibank Limited (NZ Post + ACC + NZ Super Fund post-Oct 27 2016 NZ Post divestiture; NZ state-controlled) since Feb 11 2002 Kiwibank founding by NZ Post as 100% Kiwi-owned NZ Post subsidiary.
- 2025 first NZ bank to roll out open banking across all channels (individual + business customers).
- QuickPay+ business banking app + Award-winning Kiwibank Mobile Banking app.
- RBNZ + FMA regulated.
Sources
- 1 Kiwibank — 100% Kiwi owned
- 2 Kiwibank rolls out open banking across all channels — eCommerceNews
- 3 Mobile app — Kiwibank Online banking
- nz-cro In-corpus:
reports/countries/NZ-new-zealand.md
Source
Biography extracted from kiwibank.md. See matrix.md for standards-support matrix if present.