Interesting press release from PAYMARK today. It is good to see the continued education of the market which will be all important with the increase in variety of card and transactional types.
In fact, plastic is so fantastic in New Zealand that on average each of us uses our EFTPOS or credit card 250 times a year, which per capita is the highest in the world.
They have some great information on the the increase in transactions in the lead up to Christmas.
Looking ahead, Mr Tong’s expecting big things, especially since Christmas Eve falls on a Wednesday.
“We’ll see well over 100 transactions a second, and probably roughly $200 million a day.”
Mars and Venus will do it without breaking into a sweat, working at just 30 percent capacity when trading is at their heaviest, which Mr Tong says he can predict down to the second.
“It will peak at 12.10:53pm on Christmas Eve,” he says.
See more on tv3 site here. It is good to see that the servers run at only 30% capacity during our busiest time.

