Businesses are embracing the extension of EFTPOS transaction days
Businesses are embracing the extension of EFTPOS transaction days
19 July 2024
Before May last year, banks would only process digital transactions on weekdays, but system upgrades changed it to seven days a week.
Payments NZ says one-billion dollars is moving between New Zealand bank accounts every weekend.
Chief Executive Steve Wiggins says a fifth of it is going to businesses.
He says the money is immediately coming in and helping their cash flows.
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