Eftpos, the payment system widely used in New Zealand for more than 30 years, is plummeting in popularity. The thought of them disappearing altogether is concerning for some people who don't like using smartphones or want to avoid the extra fees that come with PayWave. But while Eftpos faces an uncertain future, new and cheap forms of payment are starting to emerge. Tom Taylor reports.
It would be incredibly simple for the reserve bank to set up “Kiwicoin” or whatever, and tie it to EFTPOS.