New Zealand electronic card transactions up in June

13:42, July 09, 2010      

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Transactions using electronic cards rose in June from the previous month, with rises across all industry groups apart from fuel, Statistics New Zealand (SNZ) figures showed on Friday.

Total electronic card transactions were up a seasonally adjusted 0.7 percent from May, with a 1.5 percent rise in non- retail industries, which included services such as travel and health, and wholesaling.

The increase in total transactions followed a rise of 0.3 percent in May and a fall of 1 percent in April.

With a 3.1 percent fall in fuel sales, retail industry transactions were up just 0.4 percent, the same rise as in May.

Annually, credit card use, as a proportion of the total transaction value, had been falling since September 2008, with a corresponding rise in debit card use, SNZ said.

Credit cards accounted for 44 percent of transactions in the year to June 2010, the lowest proportion since the series began.



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