Paymark is New Zealand's leading electronic payments provider which was established in 1989 and is owned by four major banks. Its network processes more than 75% of all electronic transactions in this country.
The company offers services to merchants, card issuers and acquirers for EFTPOS, eCommerce, mCommerce and ATM payment and related transaction processing. More than 74,000 merchants and over 115,000 terminals are currently connected to the network, which processes up to 127 transactions per second.
Nearly 90% of Kiwis have a debit card, which puts us ahead of every other country in the world in terms of EFTPOS use.