Cards & Payments

Profit after tax increased by $22.52m

Members can enjoy a complimentary welcome cocktail when they visit.

On average, each NZ individual holds over three cards, GlobalData found.

It identifies possible problems in the future payment based on previous data from 9 billion transactions.

A perfect storm for card adoption is brewing in the country.

The largest BNPL providers have doubled their delinquency rates over the past few quarters.

Rising rates and tightening policies hurt borrowers’ repayment capacities and push up operating costs.

The sale includes the transfer of 1,540 staff to the Philippine bank.

This comes as the share of cash payments is expected to fall further by 2025.

The average frequency of credit card usage in the country grew 137.5 times in 2022.

Deal activity in Q2 was 25% lower than the previous quarter.

The card offers 10% cash back for online transactions through OCTO Mobile.

This is accompanied by the rise of biometrics to safeguard accounts.

It boasts over 14,000 pickup locations across the two countries.

BNPL may not be the plastic killer everyone touts it to be, but it's attracting underserved customers.

The programme is now open to payment facilitators in APAC.