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PayDay News | Australian Payments News

Bolt/Bano’s future in New Zealand clouded by Australian court loss

Senior Business Correspondent
29 Jul, 2026
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Michael Sainsbury
Senior Business Correspondent
29 Jul, 2026
Add us as a preferred source on Google
After being disconnected from A2A platforms in Australia by Banking Circle due to AML compliance concerns, all signs point to Bolt Group having partnered with Westpac in nearby New Zealand where the anti-money laws are similar - but fintech promoters claim that they should have different obligations to banks.
Bolt/Bano’s future in New Zealand clouded by Australian court loss
Bolt Group launched in NZ in March with James Woodward as country manager and Sir John Key (right) chairing its advisory board. Background generated by AI.

After being disconnected from A2A platforms in Australia by Banking Circle due to AML compliance concerns, all signs point to Bolt Group having partnered with Westpac in nearby New Zealand where the anti-money laws are similar - but fintech promoters claim that they should have different obligations to banks.

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