New Zealand: payment methods in retail 2022

Cards remained popular in New Zealand POS payments, although the market share of debit cards went down in favor of credit cards. Nevertheless, the two card types combined still made up three out of four in-store transactions since the COVID-19 pandemic, whilst cash money reached a market share of roughly 10 percent. The source does not elaborate on why debit cards declined and credit cards grew, although this might tie in with the use of Buy Now, Pay Later in both New Zealand and Australia - as BNPL is essentially a credit service at heart. Indeed, the use of BNPL in POS mentioned in this ranking - for physical purchases, not online - is relatively higher than that for other countries.

Market share of cash, credit cards, and other payment methods at point of sale (POS) in New Zealand in 2017, 2019, 2020, 2021, 2022

Characteristic	2017	2019	2020	2021	2022
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-

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Release date

March 2023

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Region

New Zealand

Survey time period

2017, 2019, 2020, 2021, 2022

Special properties

* The source made changes to its categories in 2021, see the "Details" tab for more information.

Supplementary notes

In 2022, the source stated it made two changes to the categories used in previous years. These include a combination of "credit cards" with "charge/deferred debit cards" and the split of BNPL from "POS financing" (which itself was added as a new category in 2020). The latter change was made to atone for the "growing importance of BNPL". This seems to have been reverted for "POS financing" in the 2023 report - which covered the figures for 2022.

The figures have been taken from several publications. No figures were available for 2018 as the source did not release any reports that year.

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