MasterCard - Reserve Bank of NZ Payments Analysis

Edition 17 of the MasterCard Papers series.

The latest payments data recently issued by the Reserve Bank of New Zealand and Statistics New Zealand has produced a number of very interesting insights into the state of the New Zealand economy.

Card Transactions
• May 2009 saw a 2.34% increase in the value of electronic (debit and credit) transactions, up $106.8 million on April to a total of $4.678 billion. The number of electronic transactions grew in May 2009 by 3 million or 3.41% to 91 million. This took the rolling year total to 1.047 billion transactions.
• Annualised growth of credit card spend drops by $171 million to $28.655 billion for the rolling year.

Outstandings
• Outstandings across all cards continued their downward trend in May 2009 with a monthly reduction of $65 million down to $5.175 billion from April’s $5.24 billion.
• Balances on consumer cards fell by $6 million in April 2009, from $4.988 to $4.982 billion.

Credit Limits
• NZ credit card limits grew slightly - by just $5 million or 0.03% to $17.608 billion. This was the first increase since November 2008.
• Utilisation fell by 0.38% to 29.39%.

Keep an eye out for future MasterCard Papers.

Regards,

Stuart McKinlay
Country Manager - MasterCard New Zealand

MasterCard Worldwide | www.mastercard.com.au

RBNZ Data Analysis: Read More Here (pdf)

ENDS

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