Paymark - Latest News [Page 2]

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 >>

Local innovations provide Retailers alternatives to fees

Monday, 23 April 2018, 11:09 am | Paymark

EFTPOS was introduced to New Zealand in 1981 and was an immediate success making New Zealand world leading in payments and transforming New Zealand into one of the world’s most cashless countries. Retailers and customers alike flocked to its simplicity, ... More >>

Tourists remain significant source of spending growth

Monday, 5 March 2018, 11:33 am | Paymark

International tourists continue to contribute strongly to spending growth, making up over 10% of the extra total spending through Paymark in the last four months and over 50% of growth amongst Accommodation merchants. More >>

Bouquet still popular choice for Romantics

Thursday, 15 February 2018, 12:54 pm | Paymark

The traditional frenzy amongst florists on Valentine’s Day was evident this year. Payments accepted yesterday by florists through the Paymark network were over fivefold higher than the previous Wednesday (up 429% or $1.1 million), bringing the daily ... More >>

Sale of Paymark Limited to Ingenico Group

Wednesday, 17 January 2018, 8:26 pm | Paymark

The shareholders of Paymark Limited ( announced today that they have entered into an agreement to sell the company to Ingenico Group ( for NZ$190 million. More >>

Westpac and Paymark partner to offer Online EFTPOS

Wednesday, 10 January 2018, 11:50 am | Paymark

Westpac has partnered with Paymark to launch Online EFTPOS, part of the evolution of digital payments in New Zealand. Online EFTPOS brings greater access to online shopping for New Zealanders, who will now be able to purchase online securely, quickly ... More >>

Positive economic note to end year

Thursday, 4 January 2018, 11:04 am | Paymark

The year ended on a positive economic note albeit with signs of cooling in the major centres. More >>

Boxing Day sales figures from Paymark

Wednesday, 27 December 2017, 12:59 pm | Paymark

Spending was $139.0 million through the Paymark network on 26th December, up 6.4% on Boxing Day 2016 in underlying terms. More >>

Big Week for Paymark Merchants

Monday, 18 December 2017, 9:51 am | Paymark

We are now in spend mode. This week will be the busiest week of the year for many Paymark merchants. For most, the busiest seven days of the year will end either Friday or Saturday. More >>



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