Consumers in New Zealand are spending more this holiday season using payment cards, suggest data from Auckland-based processor Paymark. Between 7 Dec. and 13 Dec., Paymark processed approximately 34.3 million credit and debit card transactions, up 6.5% from nearly 32.2 million during the same period last year. The value of those card transactions increased 4.2%, to NZ$1.74 billion (US$1.23 billion or 862.2 million euros) during the week from NZ$1.67 billion. The increase in spending is consistent with trends over the past few years, Paymark CEO Simon Tong tells CardLine Global. Paymark, which claims it processes more than 75% of New Zealand card transactions, says its network includes 73,000 merchants.
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