Electronic spending up in December

Updated at 11:41 am on 8 January 2013

Eftpos spending in December was up 0.5% on November, the third consecutive monthly spending increase.

Paymark, which processes 75% of eftpos transactions in New Zealand, said the week leading up to Christmas and a bumper Boxing Day, when sales were up 13.4%, were a decent bonus for retailers.

Spending via the Paymark network was up 3.3% in 2012, totalling $46 billion.

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