diff --git a/renderer/components/Activity/ActivityActions/ActivityActions.js b/renderer/components/Activity/ActivityActions/ActivityActions.js
index 4e11d30e194..ee05d5c9e1e 100644
--- a/renderer/components/Activity/ActivityActions/ActivityActions.js
+++ b/renderer/components/Activity/ActivityActions/ActivityActions.js
@@ -16,6 +16,7 @@ const ActivityActions = ({
   changeFilter,
   reloadActivityHistory,
   updateSearchText,
+  isPageLoading,
   isCustomFilter,
   intl,
   ...rest
@@ -39,7 +40,7 @@ const ActivityActions = ({
           mx={3}
         />
 
-        <ActivityRefresh mx={3} onClick={reloadActivityHistory} />
+        <ActivityRefresh isPageLoading={isPageLoading} mx={3} onClick={reloadActivityHistory} />
       </Flex>
     </Flex>
   </Card>
@@ -51,6 +52,7 @@ ActivityActions.propTypes = {
   filters: PropTypes.array.isRequired,
   intl: intlShape.isRequired,
   isCustomFilter: PropTypes.bool,
+  isPageLoading: PropTypes.bool,
   reloadActivityHistory: PropTypes.func.isRequired,
   searchText: PropTypes.string,
   updateSearchText: PropTypes.func.isRequired,
diff --git a/renderer/components/Activity/ActivityActions/ActivityRefresh.js b/renderer/components/Activity/ActivityActions/ActivityRefresh.js
index 8fa2a3c99f3..cc2c9385bd4 100644
--- a/renderer/components/Activity/ActivityActions/ActivityRefresh.js
+++ b/renderer/components/Activity/ActivityActions/ActivityRefresh.js
@@ -1,21 +1,26 @@
 import React from 'react'
 import PropTypes from 'prop-types'
-import { injectIntl } from 'react-intl'
+import { useIntl } from 'react-intl'
 import Refresh from 'components/Icon/Refresh'
 import { ActionButton } from 'components/UI'
 import messages from './messages'
 
-const ActivityRefresh = injectIntl(({ intl, onClick, ...rest }) => (
-  <ActionButton
-    hint={intl.formatMessage({ ...messages.refresh_button_hint })}
-    onClick={onClick}
-    {...rest}
-  >
-    <Refresh height="16px" width="16px" />
-  </ActionButton>
-))
+const ActivityRefresh = ({ isPageLoading, onClick, ...rest }) => {
+  const { formatMessage } = useIntl()
+  return (
+    <ActionButton
+      hint={formatMessage({ ...messages.refresh_button_hint })}
+      isLoading={isPageLoading}
+      onClick={onClick}
+      {...rest}
+    >
+      <Refresh height="16px" width="16px" />
+    </ActionButton>
+  )
+}
 
 ActivityRefresh.propTypes = {
+  isPageLoading: PropTypes.bool,
   onClick: PropTypes.func.isRequired,
 }
 
diff --git a/renderer/components/UI/ActionButton.js b/renderer/components/UI/ActionButton.js
index a1a653840df..8ed6368c794 100644
--- a/renderer/components/UI/ActionButton.js
+++ b/renderer/components/UI/ActionButton.js
@@ -16,7 +16,7 @@ StyledButton.propTypes = {
   active: PropTypes.bool,
 }
 
-const ActionButton = ({ children, hint, onClick, timeout, ...rest }) => {
+const ActionButton = ({ children, hint, isLoading, onClick, timeout = 1000, ...rest }) => {
   const [status, setStatus] = useState(null)
   const buttonRef = useRef()
 
@@ -49,7 +49,7 @@ const ActionButton = ({ children, hint, onClick, timeout, ...rest }) => {
       variant="secondary"
       {...rest}
     >
-      {status === 'fetching' ? <Spinner height="16px" width="16px" /> : children}
+      {status === 'fetching' || isLoading ? <Spinner height="16px" width="16px" /> : children}
     </StyledButton>
   )
 }
@@ -57,12 +57,9 @@ const ActionButton = ({ children, hint, onClick, timeout, ...rest }) => {
 ActionButton.propTypes = {
   children: PropTypes.node,
   hint: PropTypes.node,
+  isLoading: PropTypes.bool,
   onClick: PropTypes.func.isRequired,
   timeout: PropTypes.number,
 }
 
-ActionButton.defaultProps = {
-  timeout: 1000,
-}
-
 export default ActionButton
diff --git a/renderer/containers/Activity/ActivityActions.js b/renderer/containers/Activity/ActivityActions.js
index b555b15ec0e..cc041504cf0 100644
--- a/renderer/containers/Activity/ActivityActions.js
+++ b/renderer/containers/Activity/ActivityActions.js
@@ -18,6 +18,7 @@ const mapStateToProps = state => ({
   filters: activitySelectors.filters(state),
   searchText: activitySelectors.searchText(state),
   isCustomFilter: activitySelectors.isCustomFilter(state),
+  isPageLoading: activitySelectors.isPageLoading(state),
 })
 
 export default connect(mapStateToProps, mapDispatchToProps)(ActivityActions)
diff --git a/renderer/reducers/activity/reducer.js b/renderer/reducers/activity/reducer.js
index e044641ac8d..930890bacf1 100644
--- a/renderer/reducers/activity/reducer.js
+++ b/renderer/reducers/activity/reducer.js
@@ -1,5 +1,4 @@
 import { send } from 'redux-electron-ipc'
-import groupBy from 'lodash/groupBy'
 import createReducer from '@zap/utils/createReducer'
 import { getIntl } from '@zap/i18n'
 import { mainLog } from '@zap/utils/log'
@@ -12,7 +11,7 @@ import { fetchBalance } from 'reducers/balance'
 import { fetchChannels } from 'reducers/channels'
 import { fetchInfo, infoSelectors } from 'reducers/info'
 import { showError, showNotification } from 'reducers/notification'
-import { createActivityPaginator, getItemType } from './utils'
+import { createActivityPaginator } from './utils'
 import { hasNextPage, isPageLoading } from './selectors'
 import messages from './messages'
 import * as constants from './constants'
@@ -77,22 +76,21 @@ const initialState = {
 // activity paginator object. must be reset for each wallet login
 /** @type {Function | null} */
 let paginator = null
-let loadedPages = 0
 
 /**
  * getPaginator - Returns current activity paginator object. This acts as a singleton
  * and creates paginator if it's not initialized.
  *
- * @param {Function} dispatch Reduc dispatcher.
+ * @param {{
+ *  invoiceHandler: function,
+ *  paymentHandler: function,
+ *  transactionHandler: function
+ * }} handlers Pagination handlers
  * @returns {Function} Paginator
  */
-export const getPaginator = dispatch => {
+export const getPaginator = handlers => {
   if (!paginator) {
-    paginator = createActivityPaginator({
-      invoiceHandler: items => dispatch(receiveInvoices(items)),
-      paymentHandler: items => dispatch(receivePayments(items)),
-      transactionHandler: items => dispatch(receiveTransactions(items)),
-    })
+    paginator = createActivityPaginator(handlers)
   }
   return paginator
 }
@@ -242,22 +240,12 @@ export const hideActivityModal = () => dispatch => {
  */
 export const resetActivity = () => () => {
   paginator = null
-  loadedPages = 0
-}
-
-/**
- * resetPaginator - Reset activity paginator.
- *
- * @returns {() => void} Thunk
- */
-export const resetPaginator = () => () => {
-  paginator = null
 }
 
 /**
  * loadPage - Loads next activity page if it's available.
  *
- * @param {boolean} reload Boolean indicating if this page load is part of a reload.
+ * @param {boolean} reload Boolean indicating wether to load first page.
  * @returns {(dispatch:Function, getState:Function) => Promise<void>} Thunk
  */
 export const loadPage = (reload = false) => async (dispatch, getState) => {
@@ -269,36 +257,30 @@ export const loadPage = (reload = false) => async (dispatch, getState) => {
   await dispatch(fetchInfo())
   const config = settingsSelectors.currentConfig(getState())
   const blockHeight = infoSelectors.blockHeight(getState())
-  const thisPaginator = getPaginator(dispatch)
-
-  if (reload || hasNextPage(getState())) {
-    const { pageSize } = config.activity
-    const { items, hasNextPage: paginatorHasNextPage } = await thisPaginator(pageSize, blockHeight)
 
-    if (!reload) {
-      loadedPages += 1
-      dispatch({ type: SET_HAS_NEXT_PAGE, value: paginatorHasNextPage })
-    }
-
-    const { invoices, payments, transactions } = groupBy(items, getItemType)
+  const handlers = {
+    invoiceHandler: items => items && dispatch(receiveInvoices(items)),
+    paymentHandler: items => items && dispatch(receivePayments(items)),
+    transactionHandler: items => items && dispatch(receiveTransactions(items)),
+  }
+  const thisPaginator = reload ? createActivityPaginator(handlers) : getPaginator(handlers)
 
-    invoices && dispatch(receiveInvoices(invoices))
-    payments && dispatch(receivePayments(payments))
-    transactions && dispatch(receiveTransactions(transactions))
+  if (hasNextPage(getState())) {
+    const { pageSize } = config.activity
+    const { hasNextPage } = await thisPaginator(pageSize, blockHeight)
+    dispatch({ type: SET_HAS_NEXT_PAGE, value: hasNextPage })
   }
 
   dispatch(setPageLoading(false))
 }
 
 /**
- * reloadPages - Reloads all already loaded activity pages.
+ * reloadActivityHead - Reloads activity head.
  *
  * @returns {(dispatch:Function) => Promise<void>} Thunk
  */
-export const reloadPages = () => async dispatch => {
-  const pageCount = loadedPages
-  mainLog.debug(`reloading ${pageCount} activity pages`)
-  dispatch(resetPaginator())
+export const reloadActivityHead = () => async dispatch => {
+  mainLog.debug(`reloading activity pages`)
   await dispatch(loadPage(true))
 }
 
@@ -326,7 +308,7 @@ export const reloadActivityHistory = () => async dispatch => {
   dispatch({ type: FETCH_ACTIVITY_HISTORY })
   try {
     await Promise.all([
-      dispatch(reloadPages()),
+      dispatch(reloadActivityHead()),
       dispatch(fetchChannels()),
       dispatch(fetchBalance()),
     ])
diff --git a/renderer/reducers/activity/selectors.js b/renderer/reducers/activity/selectors.js
index fd6c9c9f1af..67b215aba1d 100644
--- a/renderer/reducers/activity/selectors.js
+++ b/renderer/reducers/activity/selectors.js
@@ -278,11 +278,12 @@ export const isCustomFilter = createSelector(filter, currentFilter => {
  * All selectors to export.
  */
 export default {
+  errorDialogDetails,
   filter,
   filters,
   searchText,
   hasNextPage,
-  errorDialogDetails,
+  isPageLoading,
   isErrorDialogOpen,
   currentActivity,
   activityModalItem,