Powered by Akahu
An accredited requestor on MBIE's official register under the Customer and Product Data Act 2025, connecting you safely to your bank accounts.
What is Akahu?
Akahu is New Zealand's leading open banking platform. They provide the secure infrastructure that allows apps like PayDay to connect to your bank accounts safely.
Founded in New Zealand, Akahu works directly with major NZ banks to provide authorized, secure access to financial data. Their platform powers bank connections for many of New Zealand's best-known fintech apps.
When you connect your bank to PayDay, you're using Akahu's secure connection, not sharing your password with us.
What is open banking?
Your data, your choice
Open banking lets you securely share your financial data with apps you trust. You're always in control of what you share.
Bank-level security
Open banking uses the same security standards as your bank. It's actually safer than screen scraping or sharing passwords.
Better financial tools
Open banking enables innovation. Apps can help you budget, save, and manage money in ways your bank app can't.
How data flows securely
1. Your Bank
Your bank holds your data securely
2. Akahu
Akahu provides secure, encrypted connection
3. PayDay
We receive only what you authorize
4. Your Splits
Automatic pay splitting happens
What we can do
- View your account balances
- See your transaction history
- Detect incoming pay deposits
- Initiate transfers you've authorized
What we cannot do
- See or store your bank password
- Make unauthorized payments
- Change your bank account settings
- Access accounts you haven't connected
Common questions
Is Akahu regulated?
Yes. Akahu is an accredited requestor on MBIE's official Register of Participants under the Customer and Product Data Act 2025, New Zealand's open banking law. The regime is administered by MBIE and enforced by the Commerce Commission. You can verify Akahu's accreditation on MBIE's public register.
Can I revoke access at any time?
Yes, absolutely. You can disconnect your bank from PayDay at any time through the app. You can also revoke access directly through Akahu's dashboard.
What banks does Akahu support?
Akahu supports all major NZ banks including ANZ, ASB, BNZ, Westpac, Kiwibank, TSB, Rabobank, and more. See our full list on the supported banks page.
What can PayDay do with my bank connection?
PayDay can see your transactions and make only the transfers you set up in a split rule. It cannot send money to an account you have not nominated, and it never sees or stores your internet banking password.
Ready to connect securely?
Join thousands of Kiwis using PayDay with Akahu's secure connection.
Join the waitlist