Fees across the international formats and domestic competitions will now be identical, while there will also be an increase in female domestic contracts from 54 to 72
New Zealand Cricket will pay their female and male players the same for matches in a new landmark agreement announced by the governing body.
It will see fees in the international formats and in domestic competitions matched across the genders.
The announcement is thought to represent the first time the professional game has included women and men under the same deal, which commences from August 1.
Women's captain Sophie Devine said: "It’s great for the international and domestic women players to be recognised in the same agreement, alongside the men.
"It’s a massive step forward and will be a huge drawcard for young women and girls."
NZC, the six major associations and the New Zealand Cricket Players Association (NZCPA) have struck a five-year deal.
Players are due 29.75 per cent of NZC revenues over the period of the deal, expected to be $104 million (£53.21m).
Top White Ferns players can expect a maximum of $163,246, an increase from $83,432 (£83,568, £42,710) while the highest ranked domestic players will be entitled to $19,146, up from $3,423 (£9,803, £1,752).
Sophie Devine believe the agreement could be a landmark moment for women's cricket (Mark Tartrum/Getty Images)
Additionally, the total number of women's domestic contracts have increased from 54 to 72.
Further measures, such as an annual North v South series for emerging female international players and increased funding from NZCPA's support services and equity in travel and accommodation, have also been introduced.
Despite the announcement regarding equal pay, male players will continue to earn more based on a higher number of matches, formats contested and time devoted to the programme.
Leading Black Caps players can earn up to $523,396 and the equivalent domestic men's player would be in line to receive $102,707 (£267,927, £52,580).
The new agreement sees no change to New Zealand men being able to play in overseas competitions such as the Indian Premier League.
Men's skipper Kane Williamson added: "It’s really important for the current players to build on the legacy of those who have gone before us, and to support tomorrow’s players, both men and women, at all levels.
"This agreement goes a long way towards achieving that."