New Zealand Cricket and the New Zealand Cricket Players Association have agreed that women's cricketers will be paid more.

A new three-year Memorandum of Understanding will see 15 of the country's best women cricketers offered annual retainers ranging in value from $20,000 to $34,000.

Previously, only the top 10 players received contracts worth more than $10,000.

The New Zealand Cricket Association says paying our best women's players more fits in well with the organisation's commitment towards inclusivity and diversity.