New Zealand won't be going cashless anytime soon under the Reserve Bank's new proposal. 

It wants to set up 1300 multi-bank hubs to provide full services free of charge.

The plan ensures those in urban areas can walk to get cash - and the drive for those living rurally is reasonable. 

NZ Herald Wellington business editor Jenee Tibshraeny explained further.

LISTEN ABOVE

New Zealand won't be going cashless anytime soon under the Reserve Bank's new proposal.&nbsp;
It wants to set up 1300 multi-bank hubs to provide full services free of charge.
The plan ensures those in urban areas can walk to get cash - and the drive for those living rurally is reasonable.&nbsp;
NZ Herald Wellington business editor Jenee Tibshraeny explained further.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.