Payments News


Cash is king no more in Germany as cards gain ground

“The Bundesbank has been a staunch advocate of cash in the face of a global shift to electronic forms of payments such as debit cards and an international debate about the idea of digital-only money issued by central banks. But a survey of about 2,000 people by the German central bank showed cards were gradually gaining ground in the country, even if cash remained the favorite form of payment.”