A global, multibillion dollar company is making its New Zealand office a centre of excellence to develop the latest mobile payment products to take to the world.
Fiserv entered the New Zealand market by buying M-Com in 2011.
The company, which makes $US4.5 billion in revenue, provides banks with the technology they need, including core account processing, payments and the latest innovations such as mobile banking.
Its senior vice president and general manager, mobile solutions, Jim Tobin, says the investment in its New Zealand office puts it in the top 20 technology companies in the region.
He says staff numbers have tripled and the firm is actively hiring to build its Auckland office.
Mr Tobin says most of the company's efforts are in the US but part of the acquisition of M-Com was to take the company more global.
He says the group in New Zealand is so strong that the company believes it can be the mobile centre of excellence for Fiserv worldwide which will mean taking a mobile perspective on banking products and how consumers use them.
Mr Tobin says the adoption of advanced technology in New Zealand is very high and there is still early adoption of things like mobile transfers of money in New Zealand.
"So it starts to be a centre of excellence that we have a great proving ground as a market, then we have an enormous talent base here of software developers and solution specialists and designers who create things here that work here, but can also be delivered around the world."