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Story: Banking and finance

EFTPOS

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EFTPOS

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.

Using this item

Alexander Turnbull Library, Dominion Post Collection (PA-Group-00685)

Reference: EP/1996/2989/12

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, https://teara.govt.nz/en/photograph/24637/eftpos (accessed 14 June 2026).

Story by David Tripe, published 26 February 2010.