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 from 2017 to 2023, with a forecast for 2027
* The source changed 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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Worldpay. (March 21, 2024). Market share of cash, credit cards, and other payment methods at point of sale (POS) in New Zealand from 2017 to 2023, with a forecast for 2027 [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/1296880/preferred-payment-methods-new-zealand/
Worldpay. "Market share of cash, credit cards, and other payment methods at point of sale (POS) in New Zealand from 2017 to 2023, with a forecast for 2027." Chart. March 21, 2024. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/1296880/preferred-payment-methods-new-zealand/
Worldpay. (2024). Market share of cash, credit cards, and other payment methods at point of sale (POS) in New Zealand from 2017 to 2023, with a forecast for 2027. Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/1296880/preferred-payment-methods-new-zealand/
Worldpay. "Market Share of Cash, Credit Cards, and Other Payment Methods at Point of Sale (Pos) in New Zealand from 2017 to 2023, with a Forecast for 2027." Statista, Statista Inc., 21 Mar 2024, https://www.statista.com/statistics/1296880/preferred-payment-methods-new-zealand/
Worldpay, Market share of cash, credit cards, and other payment methods at point of sale (POS) in New Zealand from 2017 to 2023, with a forecast for 2027 Statista, https://www.statista.com/statistics/1296880/preferred-payment-methods-new-zealand/ (last visited December 30, 2024)
Market share of cash, credit cards, and other payment methods at point of sale (POS) in New Zealand from 2017 to 2023, with a forecast for 2027 [Graph], Worldpay, March 21, 2024. [Online]. Available: https://www.statista.com/statistics/1296880/preferred-payment-methods-new-zealand/
