Bernard Hickey is the Managing Editor of Newsroom Pro based in the Parliamentary Press Gallery. He is a director and shareholder of Newsroom NZ Ltd. He has previously worked for Interest.co.nz, Fairfax NZ, the Financial Times Group and Reuters.
New Zealand has fallen behind Australia and Britain in using contactless payments through smart phones because our light-handed regulation means bank fees are two to three times higher and retailers are revolting. The Government may have to regulate fees directly, Bernard Hickey reports.
In the telecommunications industry, it's known as 'bill shock'. As soon as a customer gets an unexpectedly large bill during a trip overseas, they immediately stop using their phone bec