About Us
Who is Banzpay?
Banzpay is a payments technology provider to financial institutions throughout New Zealand and the Pacific Islands. As an established fintech – we have many years of experience and in-depth understanding of banking technology and payment services. We to innovate and disrupt for the advantage of our customers.
Formed in 1961 as the New Zealand Credit Union League and from our origins in the credit union sector we now trade as Banzpay and have grown to provide critical business services to a number of financial institutions.
We work closely with our valued customers to provide access to high quality payments products and services through leveraging scale economies, bilateral connections, and proven business partners, while maintaining a high degree of system performance and security.
With over 30 years’ experience in financial IT and operational support services, we are well equipped to support your payment service needs.
Find out more about our products and services by contacting us today.
We are a small and nimble team delivering high quality business critical solutions in innovative
and cost efficient ways. We believe our services allow small to medium size financial institutions
punch above their weight.
Our values define how we do things around here
We value being visionary because our customers rely on us for leadership and innovation to stay relevant in a fast changing world.
We are unashamedly collaborative because it fosters teamwork, inclusiveness and makes for an awesome place to work.
We are passionate about accountability and believe honesty is the foundation for trust and respect.
We value delivery of excellence because it enables superior customer experience.
Senior Leadership Team
Tony Rae
General Manager Banzpay
Tony was appointed Banzpay’s General Manager in June 2024, following his tenure as Chief Financial Officer since June 2022.
With over 20 years of experience in the financial services sector, Tony's career began at KPMG. He has since worked for prominent companies such as Sumitomo Mitsui Banking and Barclays and, more recently, held executive roles within the fund's management and wealth sectors. His extensive expertise includes strategic planning, operational management, and commercial strategy.
Tony is a Chartered Accountant who holds a Bachelor of Commerce from the University of Otago and a Master of Business Administration from the University of Canterbury. He was awarded the Canterbury Employers' Chamber of Commerce MBA Prize in Business Strategy and Policy.
Tony resides in Auckland, where he enjoys surfing, fishing, travelling, and spending quality time with his family.
Toby Koller
Chief Security and Infrastructure Officer
Toby has been with Banzpay since 2015 and joined the Banzpay Senior Leadership Team in June 2020. Prior to Banzpay, Toby worked in consultancy and management roles both in NZ and abroad. Toby holds a Master Degree in Environmental Science from FH Wiesbaden University of Applied Science. Toby has a strong technical background in Systems Architecture, Security and Networks.
Toby lives in Auckland and his interests include traveling, mountaineering and he enjoys spending time with his family.
Niju James
Head of Cards and Payments
Niju has been with Banzpay since March 2019 and joined the Banzpay Senior Leadership Team in March 2023. He has a deep passion and understanding of payments switching systems and the industry as a whole, having worked for close to two decades for international payment applications companies designing, implementing and supporting Payments Systems on the ACI Worldwide payments applications suite for international banks, retailers, credit unions, card schemes and petrochemical companies.
Niju’s role oversees Banzpay’s Payments application product set, systems and architecture used for our Acquiring and Issuing customers throughout New Zealand and the Pacific Islands.
Niju lives in Auckland, and is a massive car enthusiast, loves mountain biking, going on hikes and spending time with his family.
The Banzpay Board
Sean Morrison
Head of New Business, Director
Sean has over 20 years’ experience in payments, banking and loyalty.
In addition to his governance role he leads Banzpay's new client engagement and proposition development function.
He also holds the role of Head of Financial Solutions at Booster Financial Services Limited and responsible for the end-to-end design and delivery of customer propositions.
Sean has held senior product, partnership, commercial and operations roles at ANZ Bank New Zealand and Air New Zealand.
Paul Foley
Director
Paul is senior corporate lawyer and company director with over 30 years’ experience working in the financial services, manufacturing and energy fields. He is currently a consultant with MinterEllisonRuddWatts, having been a partner there for more than 20 years. Paul is also the Executive Chair of Booster Financial Services Limited. He is a past director and chair of NZX and ASX listed companies and a Chartered Fellow of the NZ Institute of Directors. Paul has a Bachelor of Laws and Bachelor of Commerce in Accounting, both from Victoria University.
Allan Yeo
Alternate Director
Allan is the founder and Managing Director of Booster Financial Services, a Government appointed Default KiwiSaver provider and investment manager. Allan has over 30 years investment management, investment banking and risk management experience. Prior to establishing Booster, he held a number of senior banking roles with Barclays Bank PLC in New Zealand, Australia and the United Kingdom. Allan holds a Bachelor of Commerce and Administration (1st Class Honours) in Economics and Bachelor of Arts in Mathematics, both from Victoria University of Wellington. Allan’s overarching ambition is to make a meaningful difference to how New Zealanders live and work; providing the necessary tools to help people live within their means, protect and grow their financial resources.
Careers at Banzpay
We employ staff who love technology innovation and are passionate about making a real difference for our payments customers.
Current opportunities
If you’re interested in joining our team, head over to seek.co.nz to see the career opportunities we have available.