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We are proud to announce that Banqup Group is an accredited New Zealand Peppol access point provider.
The use of Peppol in New Zealand
New Zealand adopted Peppol in 2019, when the Ministry of Business, Innovation and Employment (MBIE) became a Peppol Authority.
New Zealand is following the same Peppol initiative taken by other non-European countries such as Australia and Singapore. Peppol first began as a European network, but is now expanding across the globe.
Find out more about Peppol via our What is Peppol? blog.
New Zealand’s e-invoicing initiatives
New Zealand has already taken the first steps towards mandatory e-invoicing. From the 31st of March 2022, central government agencies had to be able to receive invoices in an electronic format via the Peppol network. Therefore affecting any B2G transactions.
In July 2021, the country set central government agencies e-invoicing implementation targets. By July 2026 the country would like 90% of all B2G invoices to be electronic. 6,580 New Zealand businesses are already registered to receive electronic invoices, and the numbers keep growing.
New Zealand businesses exchange 280 million business invoices on an annual basis. The government predicts that the switch to electronic invoices over the next 10 years will save the economy over $4 billion.
Banqup Group as a certified Peppol access point
Banqup Group is a certified Peppol access point in many global countries. Our e-invoicing solution make it easy for businesses of all shapes and sizes to transition to electronic processes and connect to Peppol as well as over 60 global government e-invoicing portals.
Explore our e-invoicing solution and the benefits they can bring to your business.