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Global

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 […]
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Global

Will Contactless Payment Ever Take Off In Germany?

“Earlier this year the Bundesbank published a survey entitled “Payment behaviour in Germany” based on data from 2017 which revealed that Germans still prefer to pay for most of their purchases using their beloved Bargeld (cash). The survey also found that German consumers carry around an average amount of €107 in their wallets – nearly the same […]
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Global

Card Payments Outstrip Cash for First Time in Germany

“Germany’s preference for cash is legendary. While in neighbouring Holland, Sweden and Finland some supermarkets will have cash-free aisles, simply paying with a card in some parts of Germany is difficult.  But a new study has shown that growing trust in card payments – particularly among younger Germans – has tipped the balance in plastic’s […]

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