A war of words between the banking sector and its regulator over how much New Zealanders want cash.  

The Reserve Bank's proposing opening more branches and hubs to provide cash services, costing the sector $104 million a year.  

It says cash continues to play an essential role for small businesses and communities.  

But Banking Association Chief Executive Roger Beaumont told Mike Hosking customers are moving towards digital payment methods.  

He says they're using apps or online banking, rather than going to punch in a pin at an ATM to buy an icecream from the dairy. 

LISTEN ABOVE 

A war of words between the banking sector and its regulator over how much New Zealanders want cash. &nbsp;
The Reserve Bank's proposing opening more branches and hubs to provide cash services, costing the sector $104 million a year. &nbsp;
It says cash continues to play an essential role for small businesses and communities. &nbsp;
But Banking Association Chief Executive Roger Beaumont told Mike Hosking customers are moving towards digital payment methods. &nbsp;
He says they're using apps or online banking, rather than going to punch in a pin at an ATM to buy an icecream from the dairy.&nbsp;
LISTEN ABOVE&nbsp;

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more.

The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Roger Beaumont: Banking Association CEO on the Reserve Bank's push for banks to provide cash services

On the Mike Hosking Breakfast Full Show Podcast for Thursday 26th of February, the dairy sector is experiencing record high milk production and exports.  

Kiwi Alex Kendall is CEO of Wayve, a self-driving tech firm that just secured $1.5 billion to support the commercial rollout of their tech.  

Kiwi Indycar driver Scott McLaughlin lays out his prospects ahead of the first race of the 2026 season this weekend. 

Get the Mike Hosking Breakfast Full Show Podcast every weekday morning on iHeartRadio, or wherever you get your podcasts. 

LISTEN ABOVE 

On the Mike Hosking Breakfast Full Show Podcast for Thursday 26th of February, the dairy sector is experiencing <a href="https://www.newstalkzb.co.nz/on-air/mike-hosking-breakfast/audio/campbell-parker-dairy-nz-ceo-on-the-industrys-highest-production-and-export-earnings-ever/">record high milk production and exports</a>. &nbsp;
<a href="https://www.newstalkzb.co.nz/on-air/mike-hosking-breakfast/audio/alex-kendall-wayve-ceo-on-securing-15-billion-to-roll-out-their-self-driving-technology-commercially/">Kiwi Alex Kendall is CEO of Wayve</a>, a self-driving tech firm that just secured $1.5 billion to support the commercial rollout of their tech. &nbsp;
Kiwi Indycar driver Scott McLaughlin lays out his prospects ahead of the first race of the 2026 season this weekend.&nbsp;
Get the Mike Hosking Breakfast Full Show Podcast every weekday morning on iHeartRadio, or wherever you get your podcasts.&nbsp;
LISTEN ABOVE&nbsp;

Full Show Podcast: 26 February 2026 

Someday soon your Uber could arrive with no one in the driver’s seat, and a Kiwi’s tech is behind the shift. 

UK self-driving company Wayve, spearheaded by Alex Kendall, has secured $1.5 billion in capital to support to the commercial roll out of their ‘Robotaxis’.  

The funding round also includes backing from Mercedes, Nissan, Microsoft and Nvidia, while local VC Icehouse Ventures is contributing $12.5 million to the capital raise. 

Kendall told Mike Hosking there’s a couple of different ways to commercialise self-driving technology – creating your own cars, running your own fleets, or licensing the technology. 

Wayve is using the third option, and he says the AI they’ve built is so flexible that it will be able to bring self-driving technology worldwide. 

LISTEN ABOVE 

Someday soon your Uber could arrive with no one in the driver’s seat, and a Kiwi’s tech is behind the shift.&nbsp;
UK self-driving company Wayve, spearheaded by Alex Kendall, has secured $1.5 billion in capital to support to the commercial roll out of their ‘Robotaxis’. &nbsp;
The funding round also includes backing from Mercedes, Nissan, Microsoft and Nvidia, while local VC Icehouse Ventures is contributing $12.5 million to the capital raise.&nbsp;
Kendall told Mike Hosking there’s a couple of different ways to commercialise self-driving technology – creating your own cars, running your own fleets, or licensing the technology.&nbsp;
Wayve is using the third option, and he says the AI they’ve built is so flexible that it will be able to bring self-driving technology worldwide.&nbsp;
LISTEN ABOVE&nbsp;

Alex Kendall: Wayve CEO on securing $1.5 billion to roll out their self-driving technology commercially

It's being argued the government has taxed beer to a point where people can't afford it as consumption levels plummet.  

Stats NZ data shows the volume of all alcoholic beverages made last year fell by 8.3%, with beer dropping by 10%.  

It follows the beer excise tax rising more than 20% in five years. 

Garage Project Brewery co-owner Jos Ruffell told Mike Hosking the multi-billion-dollar industry is feeling the pain of this bizarre tax.  

LISTEN ABOVE 

It's being argued the government has taxed beer to a point where people can't afford it as consumption levels plummet. &nbsp;
Stats NZ data shows the volume of all alcoholic beverages made last year fell by 8.3%, with beer dropping by 10%. &nbsp;
It follows the beer excise tax rising more than 20% in five years.&nbsp;
Garage Project Brewery co-owner Jos Ruffell told Mike Hosking the multi-billion-dollar industry is feeling the pain of this bizarre tax. &nbsp;
LISTEN ABOVE&nbsp;

Roger Beaumont: Banking Association CEO on the Reserve Bank's push for banks to provide cash services

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