Payments
by Akahu · Open banking and CDR · New Zealand
Initiate payments directly from connected bank accounts via simple API calls.
What Payments does
- initiate payments with API call
- bank account connectivity
- order of magnitude cheaper than cards
- faster settlement
- simple reconciliation
What Payments is used for
- pay by bank functionality
- faster settlement than cards
- convenient for users
Who Payments is for
- Lenders
- Brokers
- Government services
- Fintech
About Akahu
Open finance API platform for New Zealand: account connectivity, payment initiation, transaction enrichment (Genie), and loan application processing (Akahu Apply).
Akahu in the vendor registry: its products, features and similar vendors.
Also by Akahu
- Data: Request one-off or ongoing access to transactions, balances, and account metadata from multiple financial institutions.
- Verification: Use bank-held data for KYC, AML, and other compliance use cases.
- Genie: Transaction enrichment engine that enriches raw transaction descriptions with merchant details without requiring connected accounts.
- Akahu Apply: Optimises loan applications and financial assessments combining open banking connectivity, PDF processing, and data enrichment.
- Transaction Data: Unified stream of standardised and enriched transaction data across financial institutions.
- Akahu Account Connectivity API (Enduring): A cloud API that gives third-party applications ongoing, consent-based access to user financial account data and payment initiation across…
More in this category: Open banking and CDR software.
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