Written by Bridget Snelling
Open Banking goes live in New Zealand, promising faster, safer payments and real-time cashflow visibility for Kiwi small businesses.
Xero launches Open for Small Business, a podcast showcasing the inspiring journeys and resilience of Aotearoa's small business owners every fortnight.
New Zealand's Investment Boost lets businesses claim 20% of new asset costs immediately; Xero now supports this for purchases from 22 May 2025 onwards.
Many small businesses risk lost sales and loyalty as one in three still don't accept credit or debit cards, despite 86% of consumers relying on them.
Late payments cost Kiwi small businesses GBP £827 million in 2023, threatening their survival and hampering economic growth amidst rising inflation and interest rates.
Xero is offering a NZD $20,000 prize to a tech-focused Kiwi small business through its Beautiful Business Fund competition, aiming to boost innovation.
