Payments regulation is good news for retailers and customers

Payments regulation is good news for retailers and customers
Greg Harford
Customers love the convenience of Paywave transactions and are often frustrated when retailers and cafés don't offer it.  One of the key barriers to switching on Paywave has been the relatively high fees charged for credit and contactless debit transactions in New Zealand, so last week's announcement the government is moving to regulate interchange payments is good news for any retail business and, ultimately, good news for consumers.   Hopefully, as fees come down, more businesses will switch on contactless paymen...

More Retail

Mighty Ape’s profits rise in quarterly update
Retail

Mighty Ape’s profits rise in quarterly update

 This growth came despite gross sales falling 9.2% to $30.4m.

Staff reporters 26 Apr 2024
Website duplication scams haunt NZ retailers
Retail

Website duplication scams haunt NZ retailers

Increasingly sophisticated obfuscation technology is making scams harder to resolve.

Gregor Thompson 22 Apr 2024
Menulog exits NZ
Retail

Menulog exits NZ

Online food delivery platform Menulog will discontinue its New Zealand operations in May.Parent company Just Eat Takeaway confirmed the decision today, saying: “New Zealand represents a small part of the Just Eat Takeaway.com business and its size is insufficient to maintain a he...

Staff reporters 16 Apr 2024
Grocery code now in full effect, ComCom reminds suppliers
Retail

Grocery code now in full effect, ComCom reminds suppliers

The Grocery Supply Code went into effect on March 28.

Staff reporters 16 Apr 2024