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PayDay News | Australian Payments News

Cuscal spends $48m on NZ EFTPOS network amid sector modernisation program

Senior Business Correspondent
22 Apr, 2026
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Michael Sainsbury
Senior Business Correspondent
22 Apr, 2026
Add us as a preferred source on Google
The Reserve Bank of New Zealand is keen to prioritise an account-to-account network but industry body Payments NZ is concerned that security issues should take priority.
Cuscal spends $48m on NZ EFTPOS network amid sector modernisation program
As Cuscal CEO Craig Kennedy (right) storms the New Zealand EFTPOS market, Payments NZ CEO Steve Wiggins says "the payments industry shares a desire for a modern, world-class payments system centred on safe, secure, and data-rich payments”.Commentary

The Reserve Bank of New Zealand is keen to prioritise an account-to-account network but industry body Payments NZ is concerned that security issues should take priority.

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