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New Zealand is an e-commerce market that is identified by high cross-border costs, excellent uptake of e-commerce events such as Black Friday and Singles Day, and strong rural costs growth. These factors have actually contributed to the country experiencing double-digit business to customer e-commerce growth since 2015,18 resulting in a market worth $4 billion.

20 A smaller sized percentage than other extremely developed economies consisted of in this report series, * this suggests online shopping still has lots of room to expand – ecommerce seo audit. 21 When it comes to areas of geographical opportunity, regional online shopping development is outpacing growth in urban areas. Online spend has actually increased 15 percent year-on-year in backwoods, compared to 14 percent growth in city areas and 12 percent in urbane regions,22 perhaps as these areas reach e-commerce early-adopters in cities.

25 Nevertheless, New Zealanders between 45 and 59 are the biggest spenders, each spending around $2,023 online annually. 26 Some 40 percent of males in New Zealand have actually gone shopping online, and 38 percent of females. 27 Females are more frequent buyers than males, balancing 23 online transactions a year.

28 As an example, males spend nearly double the amount females invest per transaction in the health and charm classification. 29 While e-shoppers in New Zealand react favorably to seasonal events, this enthusiasm is mainly limited to newer e-commerce promos. Singles Day, Black Friday and Cyber Monday have all tested extremely popular,30 with sales for 2018’s Black Friday being the highest-ever seen in the nation, an uplift of 20 percent on 2017’s sales.

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32,33 The most popular global markets are China (very first), the U.S. (2nd) and the UK (third).34 There is a strong opportunity for international merchants to make headway, as abroad e-commerce is growing at a more rapid rate than domestic e-commerce overseas deals were up by 37 percent and invest increased by 23 percent, compared to the very same duration the previous year (ecommerce seo audit).

37 Foreign merchants dealing with more youthful demographics may carry out especially well in this market people aged 30 and below are half most likely to purchase from abroad than older clients. 38 Cards take well over half of New Zealand’s e-commerce payments market, utilized for 56 percent of all deals and accounting for $2.3 billion of sales.

49 Credit and debit card penetration, at 3.07 per capita, is likewise high. 50 After cards, the next most popular payment technique is digital wallets, which have been embraced rapidly by New Zealanders: they currently occupy a 22 percent stake in the e-commerce payments market,51 a comparable rate to Australia.

54 There are other synergies with Australian payment patterns. Need for ‘purchase now, pay later’ services are proliferating in both nations, in an attempt to draw in brand-new customers and make going shopping more affordable for more youthful buyers. 55 In contrast, money payments are extremely low in the nation, at simply three percent of online payments.

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POLi usually clears instantly. 60 International merchants collecting individual information and payment data ought to familiarize themselves with local privacy laws prior to entering the market. The New Zealand Personal privacy Act applies to the handling of all personal info gathered or held by businesses and specifies guidelines on how to gather, use and divulge individual info.

62 Although New Zealand’s modest e-commerce market might appear underwhelming relative to the other chances in the Asia-Pacific area, distinct advantages exist by its customer base and likewise the policies of its federal government. Cross-border transactions are an extremely considerable part of New Zealand’s online shopping culture with buy from overseas really growing at a faster rate than domestic intake.

Cards take well over half of New Zealand’s e-commerce payments market, a pattern that is set to continue in the foreseeable future. Information may vary from historic figures, due to certain categories being re-stated as brand-new details sources have actually become available. * J.P. Morgan 2019 Payments Trends Global Insights Report series consists of the list below countries: Australia, Brazil, Canada, China, Hong Kong, India, Indonesia, Japan, Malaysia, Mexico, New Zealand, Singapore, Thailand, Turkey, U.S., Vietnam.

Morgan Relationship Supervisor or go to: https://www.jpmorgan.com/country/US/en/merchant-services/payment-insights This discussion was ready solely for the benefit and internal usage of the J.P. Morgan customer or potential J.P. Morgan customer to whom it is straight provided and/or addressed (consisting of subsidiaries and affiliates, the “Company”) in order to assist the Business in assessing, on an initial basis, the expediency of a possible transaction or transactions or other service relationship and does not bring any right of publication or disclosure, in whole or in part, to any other celebration.

Morgan. Neither this discussion nor any of its contents may be disclosed or utilized for any other purpose without the previous written permission of J.P. Morgan. This presentation does not constitute a commitment by any J.P. Morgan entity to extend or set up credit or to offer any other services to Company.

The declarations, views, and viewpoints that will be expressed throughout the presentation are those of the presenters and are not backed by, or reflect the views or positions of, J.P. Morgan. The details herein may not take into consideration specific client scenarios, objectives or needs and is not necessarily meant as a recommendation of a particular product or method to the Company and Business will make its own independent decision.

Morgan is not accountable for decisions made or actions taken in dependence on any of the info covered throughout the discussion. Furthermore, J.P. Morgan makes no representations as to the real value which might be gotten in connection with a deal or use of the services and products discussed nor the legal, tax or accounting impacts of consummating a deal.

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tax-related charges. 2019 JPMorgan Chase & Co 1 J.P. Morgan 2019 Payments Trends Global Insights Report: Data has been supplied to J.P. Morgan Merchant Solutions by Edgar, Dunn and Company by means of estimate based on collaboration with national e-commerce associations. 2 J.P. Morgan 2019 Payments Trends Global Insights Report: Data has actually been provided to J.P.

3 J.P. Morgan 2019 Payments Trends Global Insights Report: Data has actually been supplied to J.P. Morgan Merchant Services by Edgar, Dunn and Business via BNZ & Market View NZ Online Retail Sales, 2018. 4 Tradingeconomics.com. New Zealand GDP Yearly Development Rate, 2019. Accessed March 2019 5 Economic Research, J.P. Morgan Chase Bank, February 2019.

Morgan Chase Bank, February 2019. 7 NZPost.co.nz, 2018. ‘2018 New Zealand eCommerce Review.’ Accessed January 2019. 8 J.P. Morgan 2019 Payments Trends Global Insights Report: Data has actually been provided to J.P. Morgan Merchant Providers by Edgar, Dunn and Business via World Bank, 2017. 9 J.P. Morgan 2019 Payments Trends Global Insights Report: Data has actually been provided to J.P.

10 World Bank Open Data. ‘New Zealand.’ Accessed December 2018. 11 J.P. Morgan 2019 Payments Trends Global Insights Report: Data has been supplied to J.P. Morgan Merchant Services by Edgar, Dunn and Business by means of BNZ & Market View NZ Online Retail Sales, 2018. 12 J.P. Morgan 2019 Payments Trends Global Insights Report: Data has been provided to J.P.

13 J.P. Morgan 2019 Payments Trends Global Insights Report: Data has been supplied to J.P. Morgan Merchant Solutions by Edgar, Dunn and Company via New Zealand Post Limited E-commerce report, 2018, EDC analysis. 14 J.P. Morgan 2019 Payments Trends Global Insights Report: Data has actually been offered to J.P. Morgan Merchant Services by Edgar, Dunn and Company by means of World Bank, 2017.

Morgan 2019 Payments Trends Global Insights Report: Data has been offered to J.P. Morgan Merchant Providers by Edgar, Dunn and Business by means of Statista (2017) & Research New Zealand Smartphones and other mobile phones (2015 ). 16 J.P. Morgan 2019 Payments Trends Global Insights Report: Data has been supplied to J.P. Morgan Merchant Providers by Edgar, Dunn and Company via World Bank, 2017.

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Morgan 2019 Payments Trends Global Insights Report: Data has actually been provided to J.P. Morgan Merchant Providers by Edgar, Dunn and Company, 2018. 18 J.P. Morgan 2019 Payments Trends Global Insights Report: Data has been offered to J.P. Morgan Merchant Solutions by Edgar, Dunn and Company via BNZ & Market View NZ Online Retail Sales, 2018.

Morgan 2019 Payments Trends Global Insights Report: Data has actually been provided to J.P. Morgan Merchant Services by Edgar, Dunn and Business via BNZ & Market View NZ Online Retail Sales, 2018. 20 J.P. Morgan 2019 Payments Trends Global Insights Report: Data has actually been offered to J.P. Morgan Merchant Providers by Edgar, Dunn and Business by means of New Zealand Post Limited E-commerce Report, 2018.

Morgan 2019 Payments Trends Global Insights Report: Data has been supplied to J.P. Morgan Merchant Solutions by Edgar, Dunn and Company via FEVAD, E-Commerce in France Secret Figures, 2018. 22 NZPost.co.nz, 2018. ‘2018 New Zealand eCommerce Review.’ Accessed January 2019. 23 J.P. Morgan 2019 Payments Trends Global Insights Report: Data has actually been provided to J.P.

24 J.P. Morgan 2019 Payments Trends Global Insights Report: Data has actually been supplied to J.P. Morgan Merchant Solutions by Edgar, Dunn and Company by means of price quote based upon collaboration with nationwide e-commerce associations. 25 NZPost.co.nz, 2018. ‘2018 New Zealand eCommerce Evaluation.’ Accessed January 2019. 26 NZPost.co.nz, 2018. ‘2018 New Zealand eCommerce Review.’ Accessed January 2019.

‘ 2018 New Zealand eCommerce Review.’ Accessed January 2019. 28 NZPost.co.nz, 2018. ‘2018 New Zealand eCommerce Evaluation.’ Accessed January 2019. 29 NZPost.co.nz, 2018. ‘2018 New Zealand eCommerce Review.’ Accessed January 2019. 30 NZPost.co.nz, 2018. ‘2018 New Zealand eCommerce Evaluation.’ Accessed January 2019. 31 NZHerald.conz, December 2018. ‘Boxing Day sales set to surpass record-breaking Black Friday.’ Accessed January 2019.

Morgan 2019 Payments Trends Global Insights Report: Data has actually been supplied to J.P. Morgan Merchant Services by Edgar, Dunn and Company by means of BNZ & Market View NZ Online Retail Sales, 2018. 33 J.P. Morgan 2019 Payments Trends Global Insights Report: Data has actually been provided to J.P. Morgan Merchant Services by Edgar, Dunn and Company, 2018.

Morgan 2019 Payments Trends Global Insights Report: Data has been provided to J.P. Morgan Merchant Solutions by Edgar, Dunn and Company by means of New Zealand Post Limited E-commerce report, 2018. 35 J.P. Morgan 2019 Payments Trends Global Insights Report: Data has been provided to J.P. Morgan Merchant Services by Edgar, Dunn and Company by means of New Zealand Post Limited E-commerce Report, 2018.

‘ Trade Me.’ Accessed January 2019. 37 NZPost.co.nz, 2018. ‘2018 New Zealand eCommerce Evaluation.’ Accessed January 2019. 38 NZPost.co.nz, 2018. ‘2018 New Zealand eCommerce Evaluation.’ Accessed January 2019. 39 J.P. Morgan 2019 Payments Trends Global Insights Report: Data has been offered to J.P. Morgan Merchant Providers by Edgar, Dunn and Business by means of Statista (2017) & Research Study New Zealand – cellular phones and other mobile phones, 2015.

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Morgan 2019 Payments Trends Global Insights Report: Data has actually been provided to J.P. Morgan Merchant Solutions by Edgar, Dunn and Company via New Zealand Post Limited E-commerce report, 2018, EDC analysis 41 J.P. Morgan 2019 Payments Trends Global Insights Report: Data has been offered to J.P. Morgan Merchant Solutions by Edgar, Dunn and Company by means of New Zealand Post Limited E-commerce report, 2018, EDC analysis 42 J.P.