The payments industry, with support from the Reserve Bank, introduced major reforms to the ATM system in March 2009. The reforms were designed to increase competition and efficiency in the ATM system. They have, by and large, been meeting their objectives. Cardholders have responded to clearer...

The Reserve Bank has completed its second study of consumers' use of payment instruments. The study indicates that cash remains the most common form of payment by consumers. It is used extensively in situations where average payment values are low and where quick transaction times are preferred....

As mobile phones have become commonplace throughout the world there has been an increasing focus on their potential use for making payments. Adoption of mobile payments in developing economies has occurred well ahead of that in advanced economies, reflecting the particularly large benefits these...