* Underlying spending excludes large clients moving to or from Paymark Figure 1: All Cards NZ underlying spending through Paymark for core retail merchants by region around Easter (* Underlying spending excludes large clients moving to or from Paymark) Looking back at spending patterns through Paymark over the last 12 months, the impact on spending has been understandably mixed since the first Covid-19 lockdown in March 2020. There was the sharp drop in total spending through Paymark in April 2020 for all Core Retail merchants with the exception of supermarkets. Come June 2020, the Core Retail group, now with the exception of Accommodation merchants, tracked around 7% above 2019 levels for the rest