Mastercard stories
New Zealanders are shopping online, but many are not fully utilizing digital wallets, according to MasterCard.
Kiwis are still looking to do the bulk of their Christmas shopping with local retailers, despite being keen online shoppers.
The technology means retailers will be able to accept payments via smartphones, and one day people may be able to exchange money using only their phones.
The bulk of Kiwis (79 per cent) are still looking to shop at local brick and mortar retailers this Christmas season, as opposed to online.
MasterCard appoints expat Peter Chisnall as new Country Manager for New Zealand, bringing more than 20 years of experience to the role.
New Zealanders are the second most prolific online shoppers across the Asia-Pacific region, and class payment security as top of mind when shopping online.
New Zealanders continue to move away from cash towards using electronic cards and internet banking, as the digital wallet replaces conventional payment methods.
When it comes to mobile shopping and making payments from their mobile, Kiwis are amongst the best in the world.
Kiwi shoppers embrace 'Tap and Go' as popular retailers roll out MasterCard's PayPass ahead of Christmas, promising swift transactions.
New Zealand is on track to becoming a cashless society after MasterCard revealed a strong willingness amongst Kiwis to adopt mobile payment methods.
MasterCard and ANZ bank are trialling NFC technology in New Zealand, enabling mobile payments up to NZD $80 using PayPass stickers or microSD cards.
Kiwis are increasingly tapping into contactless payments, with 36% favouring the swift 'Tap and Go' at supermarkets, per MasterCard.
Snapchat has partnered with Square to launch Snapcash, a feature that allows uses to quickly message money to each other.
Several major banks are gearing up to release their own mobile payment apps, which could prove a major competitor for Apple Pay and competing products.
Westpac launches mobile PayTag, turning any phone into a 'tap and go' card for speedy, secure transactions, reshaping how we pay.
Apple is joining forces with American Express, Visa and MasterCard to offer a new smartphone payments system for the soon to be released iPhone 6.
As more Kiwis shop online, it is important that consumers are security conscious when paying for goods and services.
MasterCard and Visa signal a shift in strategy, moving towards mobile payments and the beginning of the post-card era.
A billion-dollar global opportunity is driving Mako Networks' rapid expansion, as PCI DSS compliance becomes crucial for millions of merchants worldwide.
MasterCard study shows Australia edging towards a cash-free future, with young, affluent men leading the mobile payment charge.
