“Demanding the provision of 3,000 bank-more branches and ATMs when there simply isn’t the need for them will ultimately increase the cost of banking for all New Zealanders,” said Beaumont.

Roger Beaumont, the CEO of the New Zealand Banking Association spoke to Guyon Espiner.

“A real back to the future move by the Reserve Bank, and it flies in the face of how customers are choosing to do their banking, which is increasingly digitally.”

Governance and Administration Committee (more…)

“The next generation of payments is currently being developed and it could be possible to build this kind of capability into the new systems, which may be a better way to go given the time and resources it would take to design and build fixes for the current payment systems.”

Environment Committee (more…)

Economic Development, Science and Innovation Committee (more…)

The Reserve Bank of New Zealand – Te Pūtea Matua (more…)

Department of Internal Affairs, Reserve Bank of New Zealand and Financial Markets Authority (more…)

“Banks are at the end of the scam chain which often starts with a fake ad or chat on social media, or a fake search engine result. In other words, these digital platforms are earning revenue from scammers.”