Worldline data show spending picks up in February

Cyclone Gabrielle hit spending patterns. (Image: Getty)

Mon, 06 Mar 2023

Payments processor Worldline said underlying spending on credit and debit cards rose 7.7% to $2.81 billion in February, just outstripping the 7.2% pace of annual inflation. That figure excludes large clients moving on or off Worldline’s system, and also treats the hospitality sector separately, with spending up 29.2% at $923 million from February 2022. That carried on a trend shown in Statistics NZ’s official spending on credit and debit cards in January, which showed retail card spending was up 2.7% in January from the sa...

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