Eftpos, the payment system widely used in New Zealand for more than 30 years, is plummeting in popularity. The thought of them disappearing altogether is concerning for some people who don't like using smartphones or want to avoid the extra fees that come with PayWave. But while Eftpos faces an uncertain future, new and cheap forms of payment are starting to emerge. Tom Taylor reports.
Convenience is exactly the issue. Technology tends to make our lives easier. I don’t even have to take my wallet out now, just use my phone. It’s just so much easier. The transaction fee thing is annoying, but most of the time it’s so small I just pay it anyway, instead of going through the above-mentioned steps to pay with EFTPOS. I’d also add “chose the wrong account and it was declined” to those steps. I use EFTPOS so infrequently now I often forget which account I keep all my money in.