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Kōrero: Spending in the economy

Electronic spending

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Electronic spending

Since the 1980s digital technology has changed the spending process, through the use of credit, debit, prepaid and automatic teller cards, which carry an identification number and account details on a magnetised strip. The strip is read by automatic teller machines and electronic fund transaction terminals. Credit and debit cards are also used to buy goods and services over the internet.

Te whakamahi i tēnei tūemi

Te Ara - The Encyclopedia of New Zealand

by Melanie Lovell-Smith

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Me pēnei te tohu i te whārang

Paul Dalziel, Spending in the economy – Spending and investing, Te Ara – the Encyclopedia of New Zealand, https://teara.govt.nz/mi/photograph/23237/electronic-spending (accessed 25 June 2026).

He kōrero nā Paul Dalziel, i tāngia i te 4 March 2010, updated 16 September 2016.