New Zealand’s payment landscape
An overview of the payments process and systems and services in New Zealand.
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Payments and settlement systems
Ngā utu
This section is about our wholesale payment and settlement systems which enable us to promote and maintain a sound and efficient financial system. We oversee and operate two systems for financial transactions - the interbank Exchange Settlement Account System and NZClear.
NZClear
NZClear provides financial markets with clearing and settlement services for high-value debt securities and equities.
NZClear
ESAS
ESAS is our Exchange Settlement Account System and along with Real-time Gross Settlement (RTGS) allows individual transactions between financial institutions to be settled electronically as the transactions happen.
ESAS