For close to three decades, Eftpos has been New Zealand’s preferred payment method. But how long will it last? Justin Gregory for RNZ looks back on the growth of electronic banking and what comes next. A few years back, a Kiwi actor flew out to Shanghai to film a TV ad. The shoot would only … Read more
There are no physical branches and no paper statements, but UK banking app Monzo has managed to capture a loyal and growing following among New Zealanders living in Britain and struggling to open a traditional bank account. Nicola Kean caught up with Monzo’s Kiwi ‘squad captain’ Fred Morgan to find out what the future of … Read more
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