# Kiwibank

> Source: https://docs.barcoder.ai/docs/wallets/kiwibank
> research date 2026-05-30 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [Kiwibank — official](https://www.kiwibank.co.nz/)

## 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** <sup>[1][1], [2][2], [New Zealand report](https://docs.barcoder.ai/docs/payments/NZ)</sup>. **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** <sup>[1][1], [2][2], [3][3]</sup>:
- **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 <sup>[2][2]</sup>.

## 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 New Zealand](https://docs.barcoder.ai/docs/wallets/anz-nz) (Australia and New Zealand Banking Group; New Zealand's largest bank by assets) + [ASB Bank](https://docs.barcoder.ai/docs/wallets/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](https://docs.barcoder.ai/docs/wallets/bnz-nz) (Bank of New Zealand; NAB Australian subsidiary) + [Westpac NZ](https://docs.barcoder.ai/docs/wallets/westpac-nz) (Westpac New Zealand; Westpac Australian subsidiary) + [Heartland Bank (New Zealand)](https://docs.barcoder.ai/docs/wallets/heartland-bank-nz) (post-2018 ASX dual listing) + [TSB Bank (New Zealand)](https://docs.barcoder.ai/docs/wallets/tsb-bank-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 New Zealand](https://docs.barcoder.ai/docs/wallets/anz-nz) (Australia and New Zealand Banking Group; New Zealand's largest bank by assets rival) | [ASB Bank](https://docs.barcoder.ai/docs/wallets/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](https://docs.barcoder.ai/docs/wallets/bnz-nz) (Bank of New Zealand; NAB Australian subsidiary rival) | [Westpac NZ](https://docs.barcoder.ai/docs/wallets/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** <sup>[1][1], [2][2], [3][3]</sup>:
- **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]: https://www.kiwibank.co.nz/personal-banking/ "Kiwibank — 100% Kiwi owned"
[2]: https://ecommercenews.co.nz/story/kiwibank-rolls-out-open-banking-across-all-channels "Kiwibank rolls out open banking across all channels — eCommerceNews"
[3]: https://www.kiwibank.co.nz/banking-with-us/online-banking/mobile-app/ "Mobile app — Kiwibank Online banking"
[nz-cro]: https://docs.barcoder.ai/docs/payments/NZ

- [1] [Kiwibank — 100% Kiwi owned][1]
- [2] [Kiwibank rolls out open banking across all channels — eCommerceNews][2]
- [3] [Mobile app — Kiwibank Online banking][3]
- <sup>[New Zealand report](https://docs.barcoder.ai/docs/payments/NZ)</sup> In-corpus: `reports/countries/NZ-new-zealand.md`

## Source

Biography extracted from [kiwibank.md](https://docs.barcoder.ai/source/wallets/kiwibank). See `matrix.md` for standards-support matrix if present.