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New Zealand expands cash access in rural areas due to branch closures, ensuring vital cash services continue.
The Reserve Bank of New Zealand is expanding access to cash amid growing concerns over rural shortages caused by bank branch closures.
A 12-month Community Cash Trial in Waipukurau, partnering with local government, allows businesses to get free cash and change, aiming to reduce travel burdens.
Research shows most small businesses and many individuals still rely on cash, with 72% saying they’d be negatively affected if it disappeared.
The Bank is pushing banks to maintain minimum cash services, with potential regulatory action if needed.
The RBNZ will end its 25-year collectible coin partnership with NZ Post by June 30, 2026, to focus on core cash management.
Nueva Zelanda amplía el acceso al efectivo en las áreas rurales debido al cierre de sucursales, asegurando que los servicios vitales de efectivo continúen.