Forcing vendors to take cash a step backwards - Retail NZ

Retail NZ has said it believes forcing vendors to take real folding money would be a step backwards. It comes after New Zealand First introduced a members bill that would make it illegal to refuse cash for essential services like food, fuel and telecomunications. Retailers and service providers would also have to take cash payments up to $500. The "Cash Transactions Protection Bill " would also require vendors to hold enough cash in case of a digital outage of more than twenty-four hours. Retail NZ CEO Carolyn Young spoke to Lisa Owen.