New Zealand spending on credit, debit cards rises 3.2% in November, Paymark says

New Zealanders increased spending on their debit and credit cards by 3.2 percent last month, according to Paymark, which processes three quarters of transactions.

Paymark handled 77 million transactions, worth $3.9 million in November, it said in a statement.

“Although annual growth has been slow, Christmas this year is still on track to be busier than last year and we are still planning for a very hectic last few days before Christmas Day, said Phil Deason, a Paymark spokesman.

The increase is slightly below the trend of recent months, not surprising given the double-digit levels experienced amongst cafes/restaurants during the rugby world cup, Deason said.

The biggest rise was in the dry cleaning and laundry sector, up 13 percent, followed by a 7 percent increase for appliance stores and a 5.7 percent gain for beauty and hairdressing.

Auckland/Northland was the fastest growing region in terms of value, rising 4.8 percent, with a peak growth rate of 7.6 percent in South Canterbury.

Credit card transactions rose 2.2 percent and debit cards rose 0.9 percent.

BusinessDesk.co.nz

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

TGG - Response to media speculation
ARB - Annual Meeting Date and Director Nominations
CNU - Q4 FY25 Connections Update
MOVE FY25 Results and Investor Briefing 29 August 2025
RYM - First quarter trading update
July 11th Morning Report
IKE Announces equity raising of A$20 million
Chorus full year results date
FPH 2025 Notice of Annual Meeting and Voting Form
July 10th Morning Report