NZ card spending rises 5.8% in May: Paymark

Tue, 12 Jun 2012

By Hannah Lynch June 12 (BusinessDesk) - New Zealanders boosted annual spending on their EFTPOS cards by 5.8 percent in May, led by an increase in transactions related to building products, processor Paymark says. Spending rose $211 million to $3.8 billion last month compared to May 2011, the company said in a statement. Paymark processes about three-quarters of all electronic transactions in New Zealand. The retail-building sector helped boost transaction up 17 percent, while plumbing retailers experienced a 16 percent lift and building sto...

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