Paymark - Latest News [Page 1]

Easter adds to regional spend

Wednesday, 24 April 2019, 9:35 am | Paymark

Easter once again led to a spending boost in the smaller regions. Underlying spending through Paymark in the week ending Monday 22nd April was up 22.6% in West Coast and 19.6% in Gisborne, compared to the same seven days last year (which did not include ... More >>

First quarter of 2019 up, but only just

Monday, 8 April 2019, 9:15 am | Paymark

Over the March quarter, spending was up 0.9% seasonally adjusted in the December 2018 quarter, and up slightly faster at 1.3% when spending at fuel merchants is excluded. Both rates are below the average of the previous five years (2014-2018) of 1.4% and ... More >>

Paymark Open for business

Friday, 1 March 2019, 1:41 pm | Paymark

Paymark is delighted to welcome the first API standards for open banking and says this will be the start of an industry-wide revolution. More >>

Paymark launches inaugural Year in Review – Payment Trends

Tuesday, 29 January 2019, 9:13 am | Paymark

The rise of e-Commerce, the cashless society, whether contactless cards are changing behavior and which region has performed the best in terms of spend. These issues, and many others, are addressed in the inaugural Paymark Payments Review, a report ... More >>

December spending flat after strong year

Monday, 7 January 2019, 9:42 am | Paymark

December again proved to be a busy month with spending topping $6 billion though the Paymark network but the growth rate was low. More >>

Boxing Day becoming more significant

Thursday, 27 December 2018, 11:31 am | Paymark

Spending through Paymark at non-fuel merchants on Boxing Day was up strongly this year, rising by 11.2% on Boxing Day 2017. The $139.5 million spent was made up of $64.1 million on traditional debit cards and the remainder on credit cards or scheme ... More >>

Paymark data Christmas 2018

Monday, 24 December 2018, 2:29 pm | Paymark

Retailers are likely to be pleased but unexcited with this year’s Christmas spending as the running total for the first 23 days of December is up only 1.0% (excluding fuel) on last year. However, the impact of Black Friday is now clear with a peak ... More >>

A pause before another rush

Monday, 10 December 2018, 10:23 am | Paymark

The first seven days of December were busy for most merchants, as to be expected this time of year, but the annual growth rate was low. Spending amongst non-fuel merchants through Paymark last week, at $1,199 million, was 10% above the January-October ... More >>

Choppy start to Christmas spree

Tuesday, 4 December 2018, 11:09 am | Paymark

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 - in spite of strong spending on Black Friday. More >>

More online spending on Cyber Monday

Tuesday, 27 November 2018, 1:42 pm | Paymark

One day of specials on Black Friday is just not enough. Cyber Monday was an opportunity for the online platforms to also join in the action. The result was not as spectacular as Friday but the growth rates were impressive nonetheless. Paymark processed $2.5 ... More >>

Black Friday tops Boxing Day – for now

Monday, 26 November 2018, 11:08 am | Paymark

Black Friday is now well and truly on the New Zealand 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 Black Friday last year. At $69.7 million, the ... More >>

Paymark launches Google Pay for NZ’s online merchants

Monday, 19 November 2018, 9:48 am | Paymark

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. More >>

Higher spending in spite of higher petrol prices

Monday, 12 November 2018, 7:52 am | Paymark

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%. Excluding petrol stations, the ex-fuel annual growth rate was also 5.1% and up on previous months, suggesting the ... More >>

Paymark first Kiwi company to win coveted ESOMAR Award

Friday, 5 October 2018, 9:31 am | Paymark

Paymark is delighted to be the first New Zealand company to be recognised by ESOMAR, the European Research standards organisation, a not-for-profit that promotes the value of market, opinion and social research and data analytics. More >>

Aucklanders spending more but not in all sectors

Friday, 5 October 2018, 9:29 am | Paymark

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. In total, spending through ... More >>

Consumer spending bucks business confidence trend

Thursday, 6 September 2018, 10:23 am | Paymark

Businesses may be in for a pleasant surprise in the next few months judging by the spending patterns through Paymark in recent weeks. More >>

Taking our foot off the pedal

Wednesday, 4 July 2018, 10:15 am | Paymark

Petrol prices have increased for many Aucklanders this week as the regional petrol tax came into effect. Pump prices had already been rising before 1 July, due to rising international oil prices, and appear to be having an effect on wider spending patterns, ... More >>

Monthly economic data from Paymark: Tapping out

Wednesday, 6 June 2018, 11:18 am | Paymark

Paymark processed nearly 109 million transactions in May. These transactions reveal information about the economy, and about our behaviour. Two patterns stand out at present: we are embracing the seamless “tap and go“ payments that contactless ... More >>

Paymark congratulates Fintech Innovation Challenge finalists

Thursday, 24 May 2018, 9:53 am | Paymark

Paymark extends its congratulations to the finalists in the 2018 Fintech Innovation Challenge, and is delighted by the calibre of the award entries. More >>

Defueling the economy

Monday, 7 May 2018, 11:51 am | Paymark

Spending growth through Paymark has slowed in recent weeks. Annual growth between April 2017 and April 2018 More >>

 

 

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