Bank fees tar­geted in New Zealand re­view

China Daily (USA) - - BUSINESS -

New Zealand’s govern­ment on Wed­nes­day sig­naled its in­ten­tion to tackle the coun­try’s no­to­ri­ously high credit card fees. Shop­pers in New Zealand often leave a shop empty-handed when they find small re­tail­ers refuse to ac­cept credit cards be­cause of the fees charged. Com­merce and Con­sumer Af­fairsMin­is­ter Paul Gold­smith on Wed­nes­day re­leased an is­sues pa­per on re­tail pay­ment sys­tems for pub­lic con­sul­ta­tion. Con­cerns were ex­pressed about the cost of credit card pay­ment fees in New Zealand, par­tic­u­larly in com­par­i­son to Aus­tralia, Gold­smith said in a state­ment.

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