Last I checked, inter-bank transfers in NZ were hourly now. They're instant with Osko payments in Australia though, which is nice, and they include identity validation too. Paywave/paypass is also almost universal in Australia too, when I went back to NZ a couple of weeks ago it was noticeable how many shops didn't accept contactless payment.
> Last I checked, inter-bank transfers in NZ were hourly now
Depends on the bank, I think most of the big ones do. Some still do overnight. But remember, that’s on each side of the transaction, so a transfer between banks that settle hourly can still take a few hours.
