New Zealanders increasingly abandoning cash – RBNZ survey
RBNZ warns about the effects a cashless society may have on those already excluded from digital innovations
A clear majority of people in New Zealand prefer cashless payments, says a survey carried out by the Reserve Bank of New Zealand (RBNZ).
In the study, published on October 30, 90% of respondents reported they preferred not using cash, and only 6% of participants said they had used cash to pay for purchases over the week before the survey.
These results “reinforce the need for the cash system – the way cash is distributed and circulated – to evolve with the way New Zealanders are using cash,”
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