According to Sina Finance, a Reserve Bank of New Zealand spokesperson said the bank has paused research and development on its digital cash proposal and is shifting its focus to broader projects studying the modernization of New Zealand's payment system. The spokesperson said payment system modernization and the rollout of a real-time retail payment solution are key priorities for the Reserve Bank of New Zealand (RBNZ). The spokesperson also said modernized payment infrastructure would be able to support a range of emerging payment methods, including central bank digital currency.