A rosy Valentine’s Day for some
Our figures suggest Valentine’s Day was again full of romance. People increased their spending on the day. They wined and dined and they exchanged flowers and jewellery
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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Xmas wrap up
December again proved to be a busy month with spending topping $6 billion though the Paymark network but the growth rate was low. See how your region performed in our latest regional trends media release.
Waiting for the last few days
The home straight, the final furlong. The last mile. Here we are in the final run up to Christmas.
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.
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.
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%.
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.