A pause before another rush
How much is your region spending in the run up to Christmas? We have the latest figures for across the country.
Plastic apocalypse
Millennials are turning away from credit cards; just 41% of Aussie Millennials* and 33% of US Millennials have one*, compared to more than half of older consumers. That’s probably why Kiwi retailers with younger demographics have driven the growing popularity and uptake of Online EFTPOS. No wallet? No credit card? No problem. You only need your phone and your banking app.
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Choppy start to Christmas spree
The early days of the Christmas spending spree have been choppy. Underlying Paymark spending amongst non-fuel merchants was down 0.1% in seasonally adjusted terms between October and November
More online spending on Cyber Monday
How did Cyber Monday sales compare to previous Mondays? Find out more in our media release.
Spending habits of four generations
Understanding your customers spending habits on a generational level is key to any future targeting of your products or services. Read more to discover our findings of the biggest four spenders in New Zealand.
Black Friday tops Boxing Day – for now
Black Friday is now well and truly on the NZ retail calendar. Spending at core non-food retail shops through the Paymark network was 54% higher than spending on the previous Friday and 20% above last year.
Paymark launches Google Pay for New Zealand's online merchants
Google and Paymark have teamed up to bring Google Pay to New Zealand’s online merchants. Paymark is the first homegrown Kiwi processor to offer this capability.
Higher spending in spite of higher petrol prices
The annual growth rate picked up in Auckland/Northland during October, rising to 5.1% which is above the 12-month average of 3.3%.
The future online payments experience is here
Online Eftpos is here to rescue you from juggling your devices and your credit card, enabling you to pay online using your mobile banking app in seconds.
Aucklanders spending more but not in all sectors
September continued the pickup for Paymark merchants. Underlying spending increased a further 1.0% between August and September, seasonally adjusted, marking a significant improvement since the slow months of May, June and July.
Consumer spending bucks business confidence trend
Businesses may be in for a pleasant surprise in the next few months judging by the spending patterns through Paymark in recent weeks.