著者

川本 明人 Akito Kawamoto

雑誌

修道商学 = Papers of the Research Society of Commerce and Economics (ISSN:03875083)

巻号頁・発行日

vol.63, no.1, pp.73-92, 2022-09-30

著者

川本 明人

出版者

ニュージーランド学会

雑誌

ニュージーランド研究 (ISSN:18815197)

巻号頁・発行日

vol.28, pp.1-14, 2022 (Released:2023-11-29)

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New Zealand is the country where the people prefer cashless payments by using debit or EFTPOS card, credit card and online or internet banking. Most popular method by New Zealanders is EFTPOS payment which accounted for 56 per cent in 2020. The number who prefer to use cash is going down to ten per cent or less. The Reserve Bank of New Zealand has launched the programme on the future of cash system and published some reports and reviews. The Bank has taken into account the public benefits of cash use, but at the same time indicated the increasing costs for maintaining the cash system. COVID-19 has accelerated the adoption of cashless payments and increased the use of contactless method which need not to make physical contact with shared devices. So, cash is used less and less as the COVID-19 pandemic spread. However, the survey of the Research New Zealand said that about 70 per cent of the population used cash as one of the payment ways for everyday things in 2020. Moreover, there is the fact that the amount of cash in circulation keeps going up in the last ten years in New Zealand. The people in New Zealand have probably demanded some amount of cash in case the unexpected occurs. The evolvement of cashless society in New Zealand could affect some people who do not have access to digital payment mechanisms. As a result, the Reserve Bank of New Zealand should keep considering the need for preserving access to cash as well as improving digital financial inclusion.