PayPoint today confirmed that it has successfully completed its strategic investment in Open Banking technology provider obconnect, following FCA approval.
PayPoint now holds a 55.3% position in the business. This investment enables the Group to further leverage their Open Banking technology platform and unlock greater opportunities within both businesses.
Earlier in October, obconnect secured the contract to deliver the Confirmation of Payee ecosystem in New Zealand, partnering with the New Zealand Banking Association (NZBA). The contract will initially see obconnect providing Confirmation of Payee services to major banks in New Zealand from November 2024, including ANZ, ASB, Bank of China, BNZ, CCB, The Co-operative Bank, Heartland…
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