On 4 November 2026 RNZ reported that open-banking provider Akahu is pushing Pay by Bank in New Zealand as a card alternative, with payment-initiation pricing around 0.1% of value capped at five cents plus GST. Payments move straight from a bank account with strong customer authentication, enduring consents, unique references for reconciliation and available-balance checks before initiation.

What it means: Though the market is New Zealand, Pay by Bank with a very low fee cap is a useful benchmark for Greek merchants and PSPs designing EU account-to-account checkout beside cards and SCT Inst. The value pitch is lower MSC, cleaner reconciliation and less scheme dependence. Greek/EU pricing, open-banking schemes and fraud liability differ; do not treat the five-cent cap as portable. Product teams can A/B conversion versus cards and refund cost. Finance teams gain if unique references automate matching. Regulators expect clear customer notices and easy revocation for enduring consents. For Greek fintechs exporting A2A tech, Akahu is a pricing/UX case study, not a domestic rival. In practice, teams should name an owner, update the risk register and agree success criteria within 30 days. Where suppliers or customers are affected, send a short notice that points to the primary source and avoids overstated claims. Compliance, cybersecurity and payments operations are linked; a change in one area often requires a pass over contracts, access rights and continuity plans. Finally, keep a review date so the item becomes concrete actions for the Greek business rather than newsletter noise alone.

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