Sourced from The NZ Herald
If New Zealanders were initially slow to shop online in the early days of the internet, they certainly caught up last year.
Credit card giant Visa said the number of online transactions made by its card holders jumped 95 per cent in 2004.
Online shoppers racked up $400 million in sales on their Visa cards, with anecdotal evidence showing the trend is mirrored by other credit-card vendors. And much of the spending is local, with cross-border transactions accounting for 16 per cent of all Visa’s e-commerce transactions, up slightly from 15.2 per cent in 2003.