Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Christmas Shopping Hits Peak Levels

Christmas Shopping Hits Peak Levels

Record number of transactions as momentum builds

A surge in electronic transactions points to a promising lead up to Christmas, according to electronic transaction network provider Paymark EFTPOS.

Usage on the Paymark EFTPOS network reached the highest level this year at 12:13pm on Thursday with 83.6 transactions per second. Total transactions on Thursday were just under the total for Christmas Eve in 2004, at 2.86 million, with 277,500 in the peak hour. There have been more than 2 million transactions per day on each of the working days this week.

Darryl Roots, Paymark spokesperson, says the figures are a good sign for businesses and suggest a final shopping rush on Friday and Christmas Eve.

“There appears to be more momentum leading into Christmas this year when compared to previous years. Factors like Christmas falling on a Sunday and peoples’ increased use of debit and credit cards contribute to the increase, but all the same the signs are positive for businesses. Given levels throughout this week we could possibly top three million transactions on Christmas Eve.”

John Albertson, Chief Executive of the New Zealand Retailers Association, agrees.

“As we anticipated New Zealanders seem to be leaving their Christmas shopping right up until the last minute. This latest information is very heartening and with the inclusion of the extra Saturday in the lead up to Christmas Day we are expecting a strong finish to the season.”

Daily Transaction Volumes

Sat 17 2,401,797

Sun 18 1,781,148

Mon 19 2,034,848

Tue 20 2,347,191

Wed 21 2,615,575

Thurs 22 2,861,028

The Paymark EFTPOS network accounts for around 80% of all electronic transactions in New Zealand.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Government: New Year Border Exception For Seasonal Workers In The Horticulture And Wine Industries

2000 additional RSE workers to enter New Zealand early next year employers must pay these workers at least $22.10 an hour employers will cover costs of managed isolation for the RSE workers RSE workers will be paid the equivalent of 30 hours work a week ... More>>


Grey Power: Is Disappointed To Learn Of More Bank Closures

Many older people are being left without essential services because of cost cutting and the march of modern technology. It is now expected that most banking transactions can occur via the internet or telephone. Jan Pentecost, President of the Grey Power ... More>>


Economy: Supply Chain On Brink Of Overload Says National Road Carriers

The New Zealand supply chain is on the brink of overload and it looks like the upcoming peak imports season may push it over the edge says National Road Carriers Association (NRC) CEO David Aitken. “Worldwide supply chains are in disarray,” says Mr Aitken. ... More>>

Stats NZ: Annual Goods Trade Surplus At 28-Year High

New Zealand’s annual goods trade surplus reached a 28-year high of $2.2 billion as imports tumbled in the year ended October 2020, Stats NZ said today. “This is the largest annual surplus since the July 1992 year, driven mainly by much lower ... More>>

ComCom: How Real Is That Bargain?

The Commerce Commission urges retailers and consumers to think hard about the bargains being offered as ‘Black Friday’ and Christmas draw near. Black Friday has now overtaken Boxing Day in terms of retail spending, according to data from electronic ... More>>

Stats NZ: Births And Deaths: Year Ended September 2020

Births and deaths releases provide statistics on the number of births and deaths registered in New Zealand, and selected fertility and mortality rates. Key facts For the year ended September 2020: 57,753 live births and 32,670 deaths ... More>>


Forest & Bird: Kākāpō Wins Bird Of The Year 2020

The nation has voted and Aotearoa New Zealand has a new Bird of the Year. New Zealand’s moss-colored flightless parrot has climbed to the top-spot for the second time in Forest & Bird’s annual Te Manu Rongonui o Te Tau/Bird of the Year competition. ... More>>