Paymark - Latest News [Page 1]

Spending Locally In Action

Thursday, 6 August 2020, 8:13 am | Paymark

Spending continued to be strong across the core retail sector in July, with the underlying value of payments transacted through Paymark core retail merchants in July up by 11.4% on year-ago levels. Growth occurred across most sectors, including ... More >>

Paymark And TRA Unveil Consumer Spend Dashboard

Tuesday, 26 May 2020, 8:44 am | Paymark

Paymark and Auckland-based insights agency TRA are releasing a new dashboard to help track consumer spending behaviour. The Consumer Dashboard is designed to provide a snapshot of spending patterns around New Zealand, says Paymark’s Head of Data ... More >>

Wave Of Suppressed Demand Emerges From Lockdown

Tuesday, 19 May 2020, 7:52 am | Paymark

Spending did lift significantly as New Zealand moved from COVID-19 Alert Level 4 to Level 3 and now to Level 2 but merchant experience is very mixed. During Level 4, spending at retail merchants through Paymark, including supermarkets, had been ... More >>

Major Implications For Retail Sector

Tuesday, 31 March 2020, 1:23 pm | Paymark

Spending through Paymark dropped a huge 72% below year-ago levels on Thursday 26 March, not surprisingly, being the first day of the Level 4 restrictions. Retail spending then remained down by similar levels for rest of the week ending Sunday. ... More >>

Helping Kiwi Retailers Battle Through

Monday, 23 March 2020, 8:11 am | Paymark

With the retail sector coming under intense pressure and a lengthy period of economic uncertainty looming, Paymark is helping small retailers better understand how their business is tracking in real time. Paymark Insights is a revolutionary way for retailers ... More >>

Maxine Elliott Appointed New CEO For Paymark

Tuesday, 10 March 2020, 10:36 am | Paymark

Paymark is delighted to announce the appointment of Maxine Elliott, currently Paymark’s Chief Product & Marketing Officer, as the company’s new CEO. Maxine joined Paymark in 2017 after more than 14 years in the telco sector where she was most recently ... More >>

Virus spreads to spending patterns

Wednesday, 4 March 2020, 9:55 am | Paymark

Spending through the Paymark network reveals mixed spending patterns resulting from the coronavirus during January and February. More >>

Strong finish to a mixed year

Friday, 10 January 2020, 10:30 am | Paymark

Paymark figures point to a stronger finish to 2019, at least for many merchants, but generally 2019 was a year of modest growth and mixed fortunes. More >>

Boxing Day tops busy season for merchants

Saturday, 28 December 2019, 10:36 am | Paymark

A merry time was had by shoppers and merchants this year, across the Paymark network. A new peak spend was reached on Friday 20 December and spending over the six weeks leading into Christmas Day was up an underlying 4.6% on last year to $8,887 million. More >>

Record breaking Christmas Eve

Tuesday, 24 December 2019, 2:51 pm | Paymark

Christmas Eve is often one of the busiest shopping days of the year and 2019 is proving to be no different. While final sales figures are yet to be collated, we are on track to be close to the record figures from Friday of $297.5 million for ... More >>

Record spending on Friday

Monday, 23 December 2019, 12:24 pm | Paymark

Spending through Paymark hit a new daily high last week, reaching $297.5 million through 5.1 million card transactions on Friday 20 December. More >>

Now to fill the stockings – and fridge

Monday, 16 December 2019, 10:08 am | Paymark

Our Christmas shopping is about to ramp up significantly. Spending in the last seven days before Christmas rises to around 50% more than the average week during the rest of the year. Spending will double for the likes of department stores, recreational ... More >>

Spending well ahead so far

Monday, 9 December 2019, 1:58 pm | Paymark

The seasonal lift in spending ahead of Christmas Day is still running well ahead of last year as we start counting off the shopping days remaining. Taking a mid-November starting point 42 days ahead of Christmas Day, spending is up 5.6% to Saturday 7 ... More >>

Shopping up a storm

Monday, 2 December 2019, 1:57 pm | Paymark

Black Friday was busier than ever this year, with strong spending growth extending over the weekend. More >>

Aider and Paymark join forces to help business owners

Monday, 22 July 2019, 8:28 am | Paymark

Paymark is joining forces with Kiwi fintech sensation Aider to help business owners better understand the ebbs and flows of their working day. More >>

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 >>