Business Desk
Reserve Bank extends cash-consultation deadline
26/03/2026
At the time of its issue in late February, NZ Banking Association chief executive Roger Beaumont penned the consultation as “extreme” and a “back to the future solution.
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NZ Herald
Banks win draft approval to negotiate collectively with Armourguard for cash services
26/03/2026
Roger Beaumont, NZBA chief executive, called the decision, “a step in the right direction towards a more sustainable resilient cash system”. He said it was “disappointing” that banks were not allowed to start negotiating collectively in November, which he called a critical time for individual negotiations.
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NBR
ComCom gives initial thumbs up to banks’ request on cash services
26/03/2026
While it was disappointing banks were not allowed to start negotiating collectively in November at a critical time in some individual negotiations, they would continue to work with the Commission through the final stage of this authorisation process, with the aim of ensuring efficient continuity of critical cash services.
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Reuters
New Zealand central bank’s cash proposal sees opposition from lenders
13/03/2026
He said it had come as a “huge surprise,” adding that banks had been working on ways to ensure customers who still used cash could access it even as demand declines and were working with members to respond to the consultation.
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Business Desk
Reserve Bank developing MoU to address financial exclusion
12/03/2026
The New Zealand Banking Association said it appreciated that the RBNZ’s proposed MoU would continue to allow banks to develop their own solutions to improve access to bank accounts.
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Business Desk
Banks didn’t get enough notice of cash consultation: Willis
05/03/2026
Last week, the New Zealand Banking Association (NZBA) criticised RBNZ’s proposals for a minimum cash-services standard as “extreme” and labelled it a “back-to-the-future solution”.
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Business Desk
Reserve Bank agrees cash-consultation notice insufficient
04/03/2026
New Zealand Banking Association chief executive Roger Beaumont told NewstalkZB that the consultation’s content was “completely out of the blue”.
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NZ Herald
Kiwibank CEO says banks were ‘blindsided’ by Reserve Bank’s ATM proposal; Nicola Willis not picking sides in battle
26/02/2026
New Zealand Banking Association chief executive Roger Beaumont said customers would carry the cost of the “extreme” and “back to the future” measures the Reserve Bank wanted to take.
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NZ Herald
Banking sector hits back at Reserve Bank call to provide 1000 more branches, ATMs across NZ
26/02/2026
Earlier, Banking Association CEO Roger Beaumont told Newstalk ZB’s Mike Hosking the “curious” proposal had come “completely out of the blue. It’s kind of back to the future. It’s almost like Sport New Zealand demanding that jazzercise and leg warmers make a comeback without any appreciation of customer preferences, let alone demand,” he said.
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Newstalk ZB
“Kind of Back to the Future”: Banking sector confused by RBNZ’s push for more cash
26/02/2026
But Banking Association Chief Executive Roger Beaumont told Mike Hosking customers are moving towards digital payment methods. He says they’re using apps or online banking, rather than going to punch in a pin at an ATM to buy an ice-cream from the dairy.
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