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Press Release – Paymark Paymark figures reveal a continued mixed retail sector. Underlying spending through Accommodation merchants across the network in the June quarter was $0.3 billion, up 162.5% on the same quarter last year but still 13% below the pre-Covid levels of 2019. The sector had suffered badly during in the typical busy quarters ending March 2021 (36.5% below 2019) and December 2020 (30.3% below 2019). In contrast, the rest of the Core Retail sector have consistently reported spending above 2019 and 2020 in recent months. Spending for the Core Retail excluding Accommodation merchants through Paymark was $10.9 billion in the June quarter, up 29.1% on 2020 and, significantly, up 11.4% on the 2019 pre-Covid levels. All Cards NZ underlying spending through Paymark for core retail merchants monthly trend ( Underlying spending excludes large clients moving to or from Paymark)

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