ComCom gives initial thumbs up to banks’ request on cash services
The New Zealand Banking Association has sought permission for banks to collectively negotiate with the country’s sole provider of cash-handling services.
Armourguard is the only company in New Zealand that delivers bulk cash for banks and other businesses.
The Commerce Commission has given a tentative nod to an application by the country’s banks to collectively negotiate the price they pay for cash-handling services.
The competition regulator issued a draft decision this morning approving, with certain conditions, the New Zealand Banking
