NEW ZEALAND (dpa) – New Zealanders shopping on Christmas Eve and Boxing Day spent much more than in previous years, according to electronic payments processing company Paymark.
The two days are traditionally the country’s busiest days for retailers and this year was no exception, as shoppers swiped their cards to the tune of 404 million New Zealand dollars (about 890,000 US dollars).
Boxing Day receipts showed an 4.8 per cent increase over 2013, while the Christmas Eve spend was up by 10.5 per cent, smashing all records, Paymark’s chief of customer relations said.
“Not only did we see the highest-ever spending value through the network, we also saw the highest number of transactions at 4.8 million,” Mark Spicer said.
Christmas Eve spending on apparel was up 8.9 per cent year-on-year, but the largest gain was seen in the hospitality sector, at 26.7 per cent higher than in 2013. Paymark processes over 75 per cent of all electronic transactions in New Zealand. The figures do not include payments made by cash, cheque or other non-electronic means.