Bank of New Zealand today launched one of the first business banking mobile apps in the world for small businesses. There are corporate banking apps for large commercial banking services, but this app is one of the first specifically for small businesses — and portends to more SME business banking apps to come.
The key functionality here that separates BNZ’s business banking app from a standard mobile retail banking app is payment authorization. This video offers a look at the new app.
BNZ has 180 branches and stores across the nation.