Paymark - Latest News [Page 1]

Pre-Christmas Spending Heating up

Monday, 11 December 2017, 9:39 am | Paymark

Three patterns stand out from pre-Christmas spending to date: there have been some exceptionally busy days; overall spending growth is higher than in earlier months of the year but Auckland is lagging behind the rest. More >>

Black Friday Kicks Off Christmas Spend

Monday, 4 December 2017, 8:43 am | Paymark

Christmas spending started with a rush this year as New Zealand embraced the concept of Black Friday sales. More >>

New Zealand embraces Black Friday

Saturday, 25 November 2017, 11:53 am | Paymark

Spending through Paymark jumped sharply amongst retail shops on Friday 24 November, the traditional day for specials during the US Thanksgiving break. The merchants within the Core Retail sector, excluding the Food/ liquor and Hospitality merchants, ... More >>

Paymark Monthly Economic Report - Regions Lead Growth

Monday, 6 November 2017, 9:09 am | Paymark

Christmas is fast approaching and the shopping rush is starting to build. The pre-Christmas build-up starts gradually in November and climbs to a frenzy of activity in the last few days. More >>

Modest Start to Spring/Summer Housing Upgrades

Tuesday, 3 October 2017, 12:16 pm | Paymark

Tuesday 3 October, 2017 - While buying houses tends to dominate the headlines, spending on our houses is a significant part of the retail sector. Typically spending on the house picks up in September and then rises to a seasonal peak in December. The start ... More >>

Paymark delighted by fourth win in a row

Monday, 25 September 2017, 3:46 pm | Paymark

Auckland, 26 September 2017 - Start For the fourth year in a row, Paymark’s contact centre team has taken out the Business Support Services award at the annual CRM Awards. More >>

Election cycle blues may hit retail sector

Wednesday, 6 September 2017, 2:17 pm | Paymark

The pre-election promises suggest retail spending growth ahead. However, the record of card spending through Paymark following recent general elections suggests the growth rate will more likely decline. More >>

Missing The Lions Already

Monday, 7 August 2017, 11:04 am | Paymark

Monday, 7 August, 2017 - Underlying spending through Paymark dropped by 0.5% between June and July 2017, in seasonally adjusted terms. The growth between July 2016 and July 2017 was a modest 3.6%. More >>

Lions spend on hospitality

Tuesday, 4 July 2017, 2:37 pm | Paymark

The Lions tour added significantly to spending in June amongst the hospitality and entertainment merchants using the Paymark network. More >>

Higher Spending in Auckland Due to All Blacks/Lions Test

Tuesday, 27 June 2017, 9:35 am | Paymark

Spending through Paymark in Auckland/Northland increased amongst merchants such as bars, clubs and cafes to $24.3 million between 9am Friday and 9am Sunday, a period that included the All Blacks-Lions test. This was $1.5 million higher than experienced ... More >>

Waikato proved welcoming

Thursday, 22 June 2017, 2:30 pm | Paymark

Another Lions game and more cause for celebration – or commiseration. Whatever the motive, spending through Paymark in Waikato increased amongst merchants such as bars, clubs and cafes to $2.2 million between 9am Monday and 9am Wednesday. This ... More >>

Otago proves very hospitable

Thursday, 15 June 2017, 1:25 pm | Paymark

Spending through Paymark in Otago was up strongly within the bars, clubs and cafes around the time of the Lions’ game in Dunedin on Tuesday. Electronic payments through Hospitality merchants (excluding Accommodation) in Otago linked to the Paymark network ... More >>

Lions create spending boost in Canterbury

Tuesday, 13 June 2017, 2:28 pm | Paymark

Spending through Paymark amongst hospitality merchants – the bars, cafes and accommodation providers – increased by around $0.6 million last Saturday and Sunday, relative to the previous 2-day week of 27-28th May. More >>

The best time of day to go shopping is..

Friday, 2 June 2017, 2:55 pm | Paymark

Spending through the Paymark network accounts for transactions through more than 75% of the country’s EFTPOS terminals so it is possible to look in some detail at patterns throughout the day. More >>

Easter break slows spending growth

Tuesday, 2 May 2017, 11:58 am | Paymark

It can be challenging to unravel the spending trend when the combination of disruptive weather, Easter closures and school holidays combine. Paymark figures for April show the net effect is an ongoing spending momentum – no doubt, welcome news. The figures ... More >>

Lead on growth coming from outside the major centres

Monday, 10 April 2017, 10:50 am | Paymark

Regional New Zealand has led the way in terms of spending growth through Paymark over the past quarter. Underlying spending growth was highest outside of the major centres, moderate in the major centres and generally low in the top half of the South ... More >>

More spending with foreign credit cards

Monday, 6 March 2017, 11:07 am | Paymark

More spending with foreign credit cards Tourism a key contributor but the boost is not shared by all merchants More >>

Spending through Paymark’s network has increased 33%

Tuesday, 7 February 2017, 10:56 am | Paymark

In the last five years, the combination of a stronger housing market, strong tourism, relatively low oil prices and strong uptake of contactless cards has tended to support stronger spending through the Paymark network. This year started with 3 out of the ... More >>

Spending momentum maintained

Wednesday, 4 January 2017, 10:26 am | Paymark

The spending momentum of the last four years was maintained through the busy pre-Christmas period of 2016. Underlying spending growth through Paymark was 6.6% between December 2015 and December 2016. The value of transactions for the month totaled $5,936.8 ... More >>

Christmas shaping up to be a winner for retail

Monday, 19 December 2016, 11:13 am | Paymark

A total of $2642 million was spent through the Paymark network in the first 14 days of December. This represents an underlying 6.1% increase on last year, once large merchants additions and removals from the network in the interim period are excluded. More >>

 

 

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