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Jenee Tibshraeny: NZ Herald Wellington business editor on the RBNZ considering requiring banks to set up thousands of ATMs
Published 3 months, 3 weeks ago
Description
New Zealand won't be going cashless anytime soon under the Reserve Bank's new proposal.
It wants to set up 1300 multi-bank hubs to provide full services free of charge.
The plan ensures those in urban areas can walk to get cash - and the drive for those living rurally is reasonable.
NZ Herald Wellington business editor Jenee Tibshraeny explained further.
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