New Zealand payments stats – 2019 in review
7 Sep 2020
We’ve looked at how Kiwis made payments in 2019 and put together this infographic. Some notable trends include:
- Kiwis made an average of 488 payment transactions each in 2019, with card transactions being the most popular way to pay at 381 card transactions per capita – more than 1 per day.
- Total card transaction volumes at point of sale grew 6.87% in 2019, faster than electronic credit and debit payment volumes (+3.9%), reversing trends we saw in 2017 and 2018.
- Direct credits became the fastest growing electronic payment instrument by volume, surpassing bill payments which have traditionally been the fastest growing (DC +4.5% vs BP +4.3%).
- Cheques continue to be replaced by electronic payments. For every cheque written there were 169 electronic payments in 2019, an increase from 120 electronic payments in 2018.