Retail payment systems
In October 2016 MBIE sought written submissions on the issues raised in the Retail payment systems issues paper.
The consultation called for public submissions. Submissions closed on 20 January 2017 and a total of 46 submissions were received. These represent views from card schemes, banks, merchants, consumer representatives, and other industry representatives.
Download the cabinet paper:
- Cabinet paper: Retail payment systems: update on next steps [PDF 147KB]
- Cabinet paper: Retail payment systems: update on next steps Annex 1 - Letter to Payments NZ outlining expectations [PDF 62KB]
This paper updates the Cabinet Economic Growth and Infrastructure Committee (EGI) on next steps to facilitate greater competition and innovation in New Zealand’s retail payment systems following consultation on the Retail payments in New Zealand – issues paper.