About Payap
A New Zealand-based digital wallet and point-of-sale app that leverages open banking to enable QR code payments directly from bank accounts. It allows users to manage multiple bank accounts, loyalty cards, and gift cards in one mobile app.
Payap is a New Zealand-focused digital wallet and point-of-sale solution powered by Centrapay and backed by the Bank of New Zealand (BNZ). Designed to modernize the payment landscape, it utilizes open banking to allow consumers to pay directly from their bank accounts via QR codes, bypassing traditional card networks. For consumers, the app serves as a unified digital wallet that aggregates bank accounts, loyalty cards, and gift cards, while offering features like spending limits and receipt tracking. For businesses, Payap provides a cost-effective alternative to traditional merchant services, with low acceptance fees and seamless integration with existing EFTPOS terminals and e-commerce platforms. While core payment and loyalty features were available at launch, the platform has progressively rolled out additional capabilities such as peer-to-peer payments. It is currently available exclusively for New Zealand bank accounts and requires a compatible mobile device.
Pros & Cons
- Significantly lower merchant acceptance fees compared to traditional card networks.
- Compatible with existing EFTPOS hardware, reducing the need for new equipment.
- Unified digital wallet experience for managing multiple bank accounts and loyalty programs.
- Secure, bank-level authentication including biometric verification.
- Seamless integration with major e-commerce platforms like Shopify.
- Geographically restricted to New Zealand bank accounts and transactions.
- Requires a compatible mobile device and operating system for full functionality.
- Peer-to-peer payment features were not available at initial launch and rolled out progressively.
- Dependent on open banking infrastructure, which may vary by bank.
Features
Key features
Enables instant in-store and online payments by scanning QR codes generated on EFTPOS terminals or web checkouts.
Allows users to link and manage multiple New Zealand bank accounts within a single digital wallet.
Leverages open banking technology to facilitate secure, low-cost bank-to-bank transfers.
Supports the creation and management of loyalty programs for businesses to reward customers.
Provides businesses with a dedicated portal to view transaction data, manage refunds, and track cash flow.
Additional features
Allows users to set personal spending limits to manage their finances.
Helps customers locate participating businesses and view their contact information and hours.
Automatically stores transaction receipts within the app for easy tracking.
Supports managing shared expenses and splitting bills between users.
Facilitates direct money transfers between users.
Offers competitive merchant fees for in-store and online transactions.
Works with existing EFTPOS terminals, minimizing the need for new hardware.
Pricing
Countries & Languages
Interface languages
Billing currencies
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About Payap
A New Zealand-based digital wallet and point-of-sale app that leverages open banking to enable QR code payments directly from bank accounts. It allows users to manage multiple bank accounts, loyalty cards, and gift cards in one mobile app.
Payap Details
Payap's In-App Market Place
Does Payap have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
12
Mini Apps
1. Employee self-service portal - Allow employees to access and update their personal information
submit time-off requests
view pay stubs
and more.
2. Multi-company management - Manage payroll for multiple companies within the same software.
3. Tax calculation tool - Automatically calculate and withhold federal
state
and local taxes for accurate payroll processing.
4. Time and attendance tracking - Integrate with a time clock system to track employee work hours and facilitate accurate payroll calculations.
5. Benefits administration - Manage employee benefits such as health insurance
retirement plans
and other perks within the payroll software.
Pricing Options
Accepted Payment Currencies
USD ($), EUR (€), GBP (£), JPY (¥), AUD (A$), CAD (C$), CHF (CHF), CNY (¥), SEK (kr), NZD (NZ$), KRW (₩)
Pros & Cons
- Significantly lower merchant acceptance fees compared to traditional card networks.
- Compatible with existing EFTPOS hardware, reducing the need for new equipment.
- Unified digital wallet experience for managing multiple bank accounts and loyalty programs.
- Secure, bank-level authentication including biometric verification.
- Seamless integration with major e-commerce platforms like Shopify.
- Geographically restricted to New Zealand bank accounts and transactions.
- Requires a compatible mobile device and operating system for full functionality.
- Peer-to-peer payment features were not available at initial launch and rolled out progressively.
- Dependent on open banking infrastructure, which may vary by bank.
Payap's Support Options
Email Address
support@payap.comContact
(555) 555-5555Documentation
https://docs.payap.comCommunity Forums
https://community.payap.comPayap's Alternatives
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