Briefs: Eftpos expands with Square, Extent of Aussie banks domination of NZ 13 November 2018 5:50PM Banking Day staff Briefs, Eftpos, Finance regulation, Major Banks, Payments, mobile & wallets Eftpos transactions can now be made on Square terminals at tens of thousands of businesses across Australia, Eftpos said yesterday. Managing director, Stephen Benton, said. Over the past four years, eftpos Tap & Pay capability has been rolled out to around 30 million cards and 900,000 point of sale terminals across Australia. Although there are 26 registered banks in New Zealand, ANZ, ASB, Westpac and BNZ (all subsidiaries of the Australian Big Four) account for 87 per cent of all bank assets, interest.co.nz reports after a dive into the facts and figures in the Kiwi government's consultation paper for part two of the Reserve Bank Act review. Interest.co.nz also looks into the detail of the review's question about whether the RBNZ's high-level financial policy objective should be changed.