Commission Probes New Avenues for Innovative Payment Options miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.
The Commerce Commission is looking at ways to remove barriers to more innovative payment options that would allow Kiwis to make in-person payments directly between bank accounts, as a low-cost alternative to current card payment options. Commission .
New record amid last-minute Xmas shopping surge
24 Dec, 2020 02:40 AM
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A surge in last-minute Christmas shopping has resulted in a new record for the most transactions per-second that Paymark has ever processed. Photo / Jason Oxenham
NZ Herald
A surge in last-minute Christmas shopping has resulted in a new record for the most transactions per second that Paymark has processed.
Final sales figures for the day are yet to be collated, but Paymark - which processes most of New Zealand s Eftpos payments - reported that, as of 2pm, Kiwi consumers had already spent more than $166 million.
The busiest time of day has likely 12.30pm when a peak of 204 transactions per second were processed.