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Paymark and Mighty Ape team up for Online EFTPOS

Paymark and Mighty Ape team up for Online EFTPOS

Auckland, 13 December, 2016

As the Christmas shopping season gets well and truly underway, digital payments leader Paymark and New Zealand’s top online retailer Mighty Ape have teamed up to enable Online EFTPOS for the first time in New Zealand.

While Kiwis have flocked to online shopping they’ve always relied upon a credit card to complete the transaction. Now, thanks to Paymark, Online EFTPOS is a reality and ASB customers shopping at Mighty Ape stand to reap the rewards, says Paymark CEO Mark Rushworth.

“We’ve worked with ASB to enable Online EFTPOS and Mighty Ape is the first major retailer to come to the party. It means people without credit cards can now easily shop online for the first time and we hope it’s the way of the future for online retail in New Zealand.”

Online EFTPOS makes use of ASB’s app to enable shoppers to buy products using their own money and so avoid credit card interest rates and surcharges. It means opening up the retail environment to anyone with an EFTPOS card and that includes a new wave of shoppers, says Mighty Ape’s Dylan Bland.

"We're excited to offer Online EFTPOS, especially to our younger customers who don't have access to a credit card. EFTPOS has been part of New Zealand culture for decades, and it's great that the security, convenience and speed has finally made the jump to online."

Online EFTPOS doesn’t just appeal to customers – it’s also ideal for businesses, says Rushworth.

“Online EFTPOS offers real time bank-to-bank payments so the retailer sees the money in their account sooner than with traditional payments.”

As icing on the cake, Paymark and Mighty Ape are also teaming up to offer free delivery within New Zealand to those shoppers who use Online EFTPOS in the lead up to Christmas.

“Shopping with Online EFTPOS is not only more convenient, it’s cheaper and with no delivery fees up until Christmas there really is no reason to put up with the shopping mall madness,” says Rushworth.


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