The minimum wage hike is set to increase the incomes of some 175,500 citizens who work 40 hours per week.
More than 17,000 businesses in New Zealand have voluntarily repaid NZ$524 million in subsidies.
Lifting minimum wages has an inequality reducing effect, although there may be adverse company-level impacts in the short-term.
More support will be provided to SMEs in the country to cover operational costs and increase hiring.
The closure of borders since March 19 has had a detrimental effect on New Zealand’s economy. alongside restrictions imposed across the country.
10 million small businesses across Asia-Pacific will participate in Visa’s global programme designed to meet demand for cashless payments.
Businesses in South-east Asia, Australia and Newland are prioritising improving ICT and security resilience for business continuity plans.