1 of 1
Story summary
- The Reserve Bank of New Zealand says banks must invest $104 million to improve cash services.
- There are five cash hubs serving bank customers and 2,159 bank-owned sites offering partial cash services.
- Cash is important for small businesses, and 72% could be adversely affected without cash.
- The Reserve Bank is considering making cash acceptance mandatory for merchants, with a public consultation opening in April and due by April 10.
