UnionPay and Payments NZ Collaborate on Digital Payment Solutions

On October 20, 2026, Mr. Dong Junfeng, the Chairman of China UnionPay and UnionPay International, held a significant meeting with Steve Wiggins, the Chief Executive Officer of Payments NZ, in Auckland. The purpose of their discussion was to explore advancements in digital payment solutions and strengthen the relationship between both organizations.

Strengthening Economic Ties

New Zealand, known for its strong agricultural and service sectors, has maintained a robust partnership with China since they established diplomatic relations in 1972. Today, China stands as New Zealand's leading trading partner in goods, serving as the primary market for exports and imports. In 2025, China also ranked as the third-largest source of international visitors to New Zealand, further increasing the demand for seamless cross-border payment systems.

Role of Payments NZ

Payments NZ plays an essential role in overseeing New Zealand's key payment infrastructures, including various interbank clearing systems and industry standards. UnionPay joined Payments NZ as a member in 2015 and has been an active participant ever since.

Innovating Cross-Border Payments

During their meeting, Mr. Dong elaborated on UnionPay's extensive global payment infrastructure, noting its collaboration with over 200 digital wallets beyond mainland China. The discussions heavily focused on enhancing the connectivity of cross-border wallets, as well as integrating QR codes and contactless payment methods to meet diverse market requirements.

Additionally, both executives exchanged valuable insights regarding the implications of open banking and open APIs in developing the future of payment systems in New Zealand. They assessed potential partnerships for UnionPay to engage in the ongoing modernization of payment solutions.

Expanding Payment Acceptances

The conversation also encompassed strategies to increase the acceptance of UnionPay cards, both online and in physical stores. This includes upgrading acquiring systems, enhancing in-store acceptance, and streamlining integrations with online payment platforms. Moreover, they discussed emerging challenges and opportunities brought forth by innovative payment technologies and business models.

Mr. Wiggins provided an update on the current state of New Zealand's payments industry and highlighted Payments NZ's role in fostering this ecosystem. He expressed enthusiasm for the continual dialogue with UnionPay, which is crucial for enhancing payment services for travelers navigating between China and New Zealand as well as users of UnionPay partner wallets worldwide.

Upcoming Collaboration Opportunities

In addition, Mr. Wiggins invited UnionPay to participate in The Point 2026, a professional conference hosted by Payments NZ. This event aims to facilitate knowledge exchange regarding recent business trends and innovative product offerings among various payment organizations in New Zealand.

UnionPay's Growth in New Zealand

UnionPay entered the New Zealand market in 2008 and has since achieved a remarkable acceptance rate of over 90%. Today, UnionPay cards are issued broadly by local financial institutions. The organization remains committed to enhancing payment services and fostering financial integration not only between China and New Zealand but also across other economies within the APEC region.