Story: Banking and finance



EFTPOS (electronic funds transfer at point of sale) machines were first trialled in New Zealand in the mid-1980s but spread rapidly in the 1990s once there was a critical mass of both cards and machines. By 1997 EFTPOS had become the dominant form of payment in New Zealand.

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Alexander Turnbull Library, Dominion Post Collection (PAColl-7327)
Reference: EP/1996/2989/12
Photograph by John Nicholson

Permission of the Alexander Turnbull Library, National Library of New Zealand, Te Puna Mātauranga o Aotearoa, must be obtained before any re-use of this image.

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How to cite this page:

David Tripe, 'Banking and finance - The business of banking', Te Ara - the Encyclopedia of New Zealand, (accessed 28 May 2024)

Story by David Tripe, published 11 Mar 2010