13 Apr 2010

Electronic transactions rise, especially in smaller regions

9:14 am on 13 April 2010

Electronic payment processing firm Paymark says spending in New Zealand's regional centres continues to outpace that in bigger cities.

The company, which processes about three-quarters of the country's electronic transactions in the retail market, handled $3.7 billion worth of sales in March - an increase of almost 4.8% on the same month a year earlier.

The number of transactions climbed 7.1% to almost $75 million.

Paymark chief executive Simon Tong says the data continues to show a patchy recovery for the retail sector.

Smaller regions outpaced the larger ones, Mr Tong said. Gisborne and South Canterbury had growth above 10%, while Auckland, Wellington and Canterbury were below the national average at about 4%.

Overall, transactions for footwear rose 16%, and for takeaway food 10%, but spending on fresh produce fell 2% and clothing fell 1%.

The volume of sales processed over the Easter weekend rose by 5.4%.