New data reveals that despite the rise of digital payments, cash continues to be the preferred payment method for many New Zealanders. The findings highlight that a significant portion of Kiwis still rely on cash for everyday transactions, underscoring its ongoing importance in a rapidly digitizing economy. Factors such as personal preference, lack of access to digital payment options, and concerns about privacy contribute to cash’s enduring popularity. The data suggests that while contactless and online payments are growing, cash usage remains prevalent across various age groups and regions. This trend has implications for businesses and policymakers as they navigate the balance between fostering digital innovation and meeting the needs of cash users. Understanding these consumer habits is crucial for developing inclusive financial services that accommodate all Kiwis. Overall, the report emphasizes that cash is far from obsolete and continues to play a vital role in New Zealand’s economy.
RNZNew data shows NT tourism spending soars to a record $2.36bn amid surge in interstate visitors
New data reveals that Northern Territory tourism spending has reached a record-breaking $2.36 billion, highlighting a significant boom despite economic and environmental headwinds. This surge