Qitero Qitero

Account2Account

Country: New Zealand (NZ)  |  Payment Rail: open_banking

OnlineBanking Market Adoption: 8%

Account2Account is New Zealand's premier account-to-account (A2A) open banking solution by Windcave, featuring direct debit from major NZ banks widely used for travel, utilities, and e-commerce.

🔄 User Payment Flow

  1. User selects Account2Account / Internet Banking at checkout
  2. User selects their New Zealand bank (ANZ, ASB, BNZ, Kiwibank, Westpac)
  3. User logs in securely through open banking / secure gateway interface
  4. User selects source bank account and authorizes payment
  5. Funds transfer directly to merchant account with instant receipt

⚙️ Characteristics & Settlement

Instant PaymentYES
Supports QRNO
Supports RecurringNO
Supports RefundYES

🛠️ Merchant Integration Steps

  • Merchant generates payment session via Windcave REST API
  • Windcave connects directly with payer's financial institution
  • Transaction clears in real-time over domestic interbank rails
  • Merchant receives synchronous notification and zero chargeback risk