# UnionPay and Payments NZ Explore Digital Payments Innovation

- Link: https://www.thailand-business-news.com/pr-news/unionpay-and-payments-nz-explore-digital-payments-innovation
- Published: 2026-10-29T13:16:00+07:00
- Author: PR Newswire

AUCKLAND, New Zealand, Oct. 29, 2026 /PRNewswire/ — Mr. Dong Junfeng, Chairman of
China UnionPay and UnionPay International, met with Steve Wiggins, Chief Executive
Officer of Payments NZ, in Auckland on 20 October 2026 to discuss digital payment
innovation in New Zealand, and ongoing engagement between the two organisations.

New Zealand is a founding member of APEC, with strong agricultural and services 
sectors. Since establishing diplomatic relations in 1972, China and New Zealand 
have steadily expanded their economic ties. China is New Zealand’s largest goods
trading partner, top export market, and primary source of imports, while ranking
third among its international visitor markets by spending in 2025. Growing trade
and travel continue to drive demand for convenient cross-border payment solutions.

Payments NZ is the governance organisation for New Zealand’s core payment systems,
overseeing several interbank clearing systems and industry standards. UnionPay became
a member in 2015, and has continued to engage with Payments NZ since then.

Mr. Dong outlined UnionPay’s global payment network and its cooperation with more
than 200 digital wallets outside the China’s mainland. Discussions focused on improving
cross-border wallet connectivity and using QR and contactless payment solutions 
to meet the needs of different markets.

Executives exchanged insights on open banking, open APIs, and the development of
next-generation payment systems in New Zealand. They explored opportunities for 
UnionPay to contribute to payment modernisation conversation.

The conversation also extended to expanding online and in-store acceptance of UnionPay
cards and related payment products, including through acquiring system upgrades,
improvements to in-store acceptance, and integration with online payment platforms.
Other topics included agentic payments and the opportunities and regulatory challenges
arising from new technologies and business models.

Mr. Wiggins outlined developments in New Zealand’s payments industry and the role
of Payments NZ. He welcomed the opportunity to continue dialogue with UnionPay as
part of Payments NZ’s broader engagement across the payments ecosystem. Mr. Dong
expressed interest in working with Payments NZ and its member network to improve
services for people travelling between China and New Zealand and for users of UnionPay
partner wallets worldwide.

Mr. Wiggins also invited UnionPay to attend The Point 2026, an industry conference
organised by Payments NZ, to exchange views with other New Zealand payment organisations
on business developments and innovative products.

UnionPay entered the New Zealand market in 2008. Its acceptance coverage now exceeds
90%, and UnionPay cards are now widely issued by local financial institutions. UnionPay
will continue working with partners to improve payment services, strengthen financial
integration between China and other APEC economies, and advance cross-border payment
cooperation between China and New Zealand and across the broader Asia-Pacific region.

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