The ‘New Zealand Cards and Payments: Opportunities and Risks to 2028' report provides detailed analysis of market trends in the New Zealand cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cash, direct debits, credit transfer, and card during the review-period (2020-24e).
The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2024e-28f). It also offers information on the country's competitive landscape, including market shares of issuers and schemes.
The report brings together the analyst’s research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers detailed regulatory policies and recent changes in regulatory structure.
The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2024e-28f). It also offers information on the country's competitive landscape, including market shares of issuers and schemes.
The report brings together the analyst’s research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers detailed regulatory policies and recent changes in regulatory structure.
The ‘New Zealand Cards and Payments: Opportunities and Risks to 2028' report provides top-level market analysis, information and insights into the New Zealand cards and payments industry, including:
- Current and forecast values for each market in the New Zealand cards and payments industry, including debit, credit and charge cards.
- Detailed insights into payment instruments including cash, credit transfer, and card. It also, includes an overview of the country's key alternative payment instruments.
- Ecommerce market analysis.
- Analysis of various market drivers and regulations governing the New Zealand cards and payments industry.
- Detailed analysis of strategies adopted by banks and other institutions to market debit, credit and charge cards.
- Comprehensive analysis of consumer attitudes and buying preferences for cards.
- The competitive landscape of the New Zealand cards and payments industry.
Key Highlights
- Growing adoption of contactless cards is driving the use of cards for payments. In June 2024, the Transport Ministry announced a plan to launch the National Ticketing Solution called the Motu Move in the Canterbury Region. The new payment system will allow users to pay for their public transport fared by contactless credit and debit cards, mobile wallets (such as Google Pay and Apple Pay), as well as a prepaid Motu Move card. The system will be launched in December 2024. This will be followed by Timaru Metro school buses in January 2025.
- Amid the rising adoption of contactless payments, payment solution providers are launching solutions that support this technology. For instance, in September 2024, Worldline launched its contactless payment technology in New Zealand. The service allows customers to make contactless payments at any EFTPOS terminal via phone using a stored, digital EFTPOS card. Worldline's digital EFTPOS solution stores customer data, including loyalty cards and identity verification information. Earlier in February 2023, the payment services provider Stripe launched Tap to Pay for Android devices; enabling merchants to use a compatible phone or tablet to receive contactless payments from customers.
- Online shopping events, such as Black Friday and Cyber Monday, have also played a significant role in this growth. In addition, the expansion of logistics services is aiding ecommerce growth. NZ Post, through its investment in the logistics operations company Supply Chain Solutions, provides end-to-end logistics and delivery support to ecommerce businesses. To capitalize on the growing ecommerce market, an increasing number of companies are launching online services. In May 2024, the Spanish ecommerce company Mango launched its ecommerce site in New Zealand. Similarly, in March 2024, the American clothing brand American Apparel launched its ecommerce platform in New Zealand.
Scope
- Card market size in terms of number of cards, value and volume of transactions in New Zealand along with detailed card segmentation of debit, credit and charge cards available in the country.
- Market sizing and analysis of major payment instruments including card, cash, direct debit, and credit transfer.
- Payment market trends and growth for both historical and forecast period
- Competitor analysis with detailed insights into leading card issuers and schemes.
- Comprehensive analysis of consumer attitudes and buying preferences for cards.
- A detailed snapshot of country's key alternative payment brands.
Reasons to Buy
- Make strategic business decisions, using top-level historic and forecast market data, related to the New Zealand cards and payments industry and each market within it.
- Understand the key market trends and growth opportunities in the New Zealand cards and payments industry.
- Assess the competitive dynamics in the New Zealand cards and payments industry.
- Gain insights into marketing strategies used for various card types in New Zealand.
- Gain insights into key regulations governing the New Zealand cards and payments industry.
Table of Contents
1. Executive Summary2. Market Overview
3. Payment Instruments
4. Card-Based Payments
5. Ecommerce Payments
6. In-Store Payments
7. Buy Now Pay Later
8. Mobile Payments
9. P2P Payments
10. Bill Payments
11. Alternative Payments
12. Payment Innovation
13. Job Analysis
14. Payment Infrastructure and Regulation
15. Appendix
List of Tables
- Key facts, 2024
- Benchmarking of payment cards, 2024
- Payment instrument transaction values (LCU), 2020-28f
- Payment instrument transaction values ($), 2020-28f
- Payment instrument transaction volumes (units), 2020-28f
- Payment cards in circulation by type (units), 2020-28f
- Volume of payment card transactions (units), 2020-28f
- Value of payment card transactions (LCU), 2020-28f
- Value of payment card transactions ($), 2020-28f
- Debit cards in circulation (units), 2020-28f
- Debit card transaction volumes, 2020-28f
- Debit card transaction values (LCU), 2020-28f
- Debit card transaction values ($), 2020-28f
- Debit cards in circulation by scheme (units), 2020-24e
- Debit card transaction values by scheme (LCU), 2020-24e
- Debit card transaction values by scheme ($), 2020-24e
- Debit cards in circulation by issuer (units), 2020-24e
- Debit cards transaction value by issuer (LCU), 2020-24e
- Debit cards transaction value by issuer ($), 2020-24e
- credit and charge cards in circulation (units), 2020-28f
- credit and charge card transaction volumes, 2020-28f
- credit and charge card transaction values (LCU), 2020-28f
- credit and charge card transaction values ($), 2020-28f
- credit and charge cards in circulation by scheme (units), 2020-24e
- credit and charge card transaction values by scheme (LCU), 2020-24e
- credit and charge card transaction values by scheme ($), 2020-24e
- credit and charge cards in circulation by issuer (units), 2020-24e
- credit and charge cards transaction value by issuer (LCU), 2020-24e
- credit and charge cards transaction value by issuer ($), 2020-24e
- Credit cards in circulation (units), 2020-28f
- Credit card transaction volumes, 2020-28f
- Credit card transaction values (LCU), 2020-28f
- Credit card transaction values ($), 2020-28f
- Credit cards in circulation by scheme (units), 2020-24e
- Credit card transaction values by scheme (LCU), 2020-24e
- Credit card transaction values by scheme ($), 2020-24e
- Credit cards in circulation by issuer (units), 2020-24e
- Credit cards transaction value by issuer (LCU), 2020-24e
- Credit cards transaction value by issuer ($), 2020-24e
- charge cards in circulation (units), 2020-28f
- charge card transaction volumes, 2020-28f
- charge card transaction values (LCU), 2020-28f
- charge card transaction values ($), 2020-28f
- charge cards in circulation by scheme (units), 2020-24e
- charge card transaction values by scheme (LCU), 2020-24e
- charge card transaction values by scheme ($), 2020-24e
- merchant acquiring transaction volumes (units), 2020-28f
- merchant acquiring transaction values (LCU), 2020-28f
- merchant acquiring transaction values ($), 2020-28f
- acquirers’ transaction volumes (units), 2020-24e
- acquirers’ transaction values (LCU), 2020-24e
- acquirers’ transaction values ($), 2020-24e
- retail outlets and card-accepting merchants (units), 2020-28f
- debit card average interchange fees (%), 2020-24e
- credit and charge card average interchange fees (%), 2020-24e
- debit card merchant service charge and interchange fee (%), 2020-28f
- credit and charge card merchant service charge and interchange fee (%), 2020-28f
- retail market by product categories (LCU), 2020-28f
- retail market by product categories ($), 2020-28f
- retail market by service categories (LCU), 2019-23
- retail market by service categories ($), 2019-23
- Inflation rate
- GDP growth rate
- Payment instruments transaction value and volume
- Instant payments transaction value and volume
- Card penetration
- Card payments by value
- Debit card frequency of payments and average transaction value
- Debit card schemes transaction value and volume
- Debit card issuers by number of cards and transaction value
- Credit card frequency of payments and average transaction value
- Credit card schemes transaction value and volume
- Credit card issuers by number of cards and transaction value
- Credit card debt
- Prepaid Cards: Market Sizing and Forecasting
- Contactless card holding and usage in detail
- E-commerce transaction value and ecommerce breakdown by mobile vs. desktop/laptop
- Ecommerce market by product and services
- Ecommerce market by paymnet tools
- Factors driving in-store payments and In-store transaction value by payment method
- In-store transaction value by products and services
- BNPL service used in the last six months and Preferred BNPL brand/tool for in-store payments
- BNPL online transaction value and transaction volume
- BNPL share of overall ecommerce transaction value and preferred BNPL brand/tool for online payments
- Mobile wallet holding and use by demographic
- Mobile wallet funding methods, mobile wallet preference by product/service and mobile wallet ownership by brand
- Domestic and international P2P money transfers
- Paymnet tool preference for bill payment and bill paymnet frequency
- Active jobs intensity in the country
- Number of POS terminals and ATMs
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ANZ Bank
- ASB Bank
- Westpac
- Bank of New Zealand
- Kiwibank
- Visa
- Mastercard
- EFTPOS
- American Express
