Reserve Bank pushes payments industry to innovate

Reserve Bank pushes payments industry to innovate
The RBNZ's Karen Silk told the payments industry to stop dragging its heels on new technology. (Photo: RBNZ)
Dan Brunskill
The assistant governor of the Reserve Bank, Karen Silk, has told the payments industry to stop dragging its heels on new technology.Speaking at the Payments NZ conference on Wednesday, Silk said we were living through a period of change that offers “enormous opportunity if embraced” and greater risk if it isn’t.The assistant governor said emerging economies were “leapfrogging” advanced economies, which are “still clinging to aged infrastructure and payment practices”.Without greater ambition and innovat...

More Finance

Port of Auckland to pay $45m special dividend to council
Finance

Port of Auckland to pay $45m special dividend to council

The divestment proceeds will be used to top up the Auckland Future Fund.

Oliver Lewis 27 Jun 2025
$600m in tourist spend at risk from regulation: Mastercard
Finance

$600m in tourist spend at risk from regulation: Mastercard

When Europe cut interchange fees, foreign card decline rates soared.

Pattrick Smellie 27 Jun 2025
Michael Lorimer exits Grant Samuel amid more sector change
Finance

Michael Lorimer exits Grant Samuel amid more sector change

Lorimer has sold his 80% stake in the corporate advisory firm.

Duncan Bridgeman 26 Jun 2025