The 24-year-old, from Wellington, is charged with carrying an imitation firearm, intent to commit wounding, kidnapping and robbery of the victim's gold bracelets, wallet, cellphones, shopping and the cash machine from his taxi.
The 23-year-old, from Auckland, is charged with the same offences except the firearm charge.
The men were remanded in custody, to reappear on September 1.
Name suppression will lapse on Tuesday unless an application is made to the High Court. On Friday morning, police appealed for sightings of a white Toyota Probox, registration FLY984, linked to the kidnapping.
It is believed the Toyota travelled from Auckland to Wellington on Sunday.
Police also say they are seeking a third person in relation to the kidnapping.
- NZN