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Paymark - Latest News [Page 1]

Down, but not out

Friday, 3 September 2021, 9:06 am | Paymark

Paymark’s figures confirm the unsurprising large drop in consumer spending during the two weeks of Level 4 lockdown in New Zealand. Payments processed by Paymark through merchants in the core retail sector were down 34% to $975 million in the 14 days ... More >>

A Wave Of Spending At Home

Wednesday, 7 July 2021, 8:49 am | Paymark

Paymark figures reveal a continued mixed retail sector. Underlying spending through Accommodation merchants across the network in the June quarter was $0.3 billion, up 162.5% on the same quarter last year but still 13% below the pre-Covid levels ... More >>

Easter Highlights Spending Imbalance

Monday, 3 May 2021, 12:55 pm | Paymark

The imbalance in the spending impact of Covid international travel restrictions was evident in the Easter spending pattern. Spending around Easter through Paymark amongst South Island Core Retail merchants was a mere 1.2% above Easter 2019 levels, ... More >>

Lockdown Equals Slowdown For Some

Friday, 26 February 2021, 7:18 am | Paymark

The three days of lockdown for Auckland earlier this month made a clear impression on our retail spending figures. While only Auckland moved into Level 3 lockdown, the impact was felt across the country, albeit at different levels. Looking at the ... More >>

A Year Of Two Quarters

Monday, 11 January 2021, 8:34 am | Paymark

Retailers using the Paymark network know that 2020 was a tough year for many but by December for a number at least, the year ended on a high note. The June quarter, which included Level 4 nationwide lockdown, saw payments through Paymark via an underlying ... More >>

Christmas Eve Spending Figures - A New Record For Transactions Per Second

Thursday, 24 December 2020, 2:20 pm | Paymark

  Christmas Eve is generally the busiest shopping day of the year and 2020 is proving to be no different.   While final sales figures for the day are yet to be collated, Paymark can report that as of 2pm Kiwi consumers had already ... More >>

Switch From Shopping To Party Mode

Monday, 14 December 2020, 8:11 am | Paymark

In the last seven days spending with Paymark merchants has picked up amongst the Food, Liquor and Restaurants/bars/café merchants and declined amongst a wide range of shops such as furniture, clothing and appliances stores. This is typical in the ... More >>

Bargains Can Still Be Spotted At A So-Cial Distance

Friday, 4 December 2020, 8:23 am | Paymark

It seems Alert Level 1 is still conducive to a spot of bargain hunting. Nationwide spending through Paymark by the Core Retail, excluding Food/liquor and Hospitality, merchants jumped 22.7% over Black Friday and the following three days on a week earlier. ... More >>

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 >>





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