New Zealanders get charged some of the highest fees for debit and credit card use in the world and most of us don’t even realise it. Paul Brislen attempts to explain interchange – fees paid between banks for the acceptance of card based transactions. Ah, shopping. The hunt, the choosing, the purchasing. The endorphin rush. … Read more
New Zealand is one of the most profitable credit card markets in the world, one that’s dominated by Visa and Mastercard. Both companies benefit from sweetheart tax deals from being based in Singapore, but with increased scrutiny on international tech behemoths over their tax records, is it time for us to take a closer look … Read more
New Zealand’s new unofficial flag isn’t Laser Kiwi, it’s the increasingly ingenious way our retailers give us the news that hurts – no Paywave. Rebecca Stevenson investigates the unrelenting demand for tap and go payments. I’m sure you’ve seen them – sometimes it’s an old bit of brown tape with “NO PAYWAVE” in biro. Some … Read more