Following Westpac's proposal to close 19 banks in mostly provincial areas, First Union says ANZ is considering closing five of its branches. The branches are located in Palmerston North, Milton, Ngaruawahia, Otorohanga and Te Aroha.
While the world is becoming increasingly cashless, there are rare occasions where dollar bills are required. And ANZ, which has already got a fair bit of publicity out of adding some character to a few of its high-profile money dispensers (think GAYTMs), has just launched its second Matariki-inspired design.
Westpac senior economist Felix Delbruck looks at the economic reasons why consumers in rural New Zealand are feeling a lot more upbeat than they were late last year.
Approximately one million NFC-enabled smartphones are in use in New Zealand and as more and more humans become accustomed to paying via contactless terminals, those two technologies are edging ever closer.