Payments News

On The Web

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Global

Pandemic Or Not, Germans Still Prefer Cash

“Germany’s central bank issued 17 billion euros more notes and coins in March than it did the previous month. The Bundesbank told NPR that while this spike was an initial reaction to the health crisis, consumer demand means the bank is still issuing normal amounts of cash, roughly 3 billion to 5 billion euros a […]
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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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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

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 […]

On The Wires

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Global

Klarna and Raisin Launch Cooperation on Deposits

“Klarna, a global leader in payments and online shopping, has launched a cooperation in Germany with the deposits marketplace Raisin. By partnering with the Berlin-based fintech Klarna is further expanding into the German savings market. In a first for Klarna, and available exclusively to Raisin’s customers in Germany ( https://www.WeltSparen.de ), the new products include […]
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Global

Vivid Money Launches Together With SolarisBank and Visa in Germany

“Vivid Money, the mobile banking platform to spend, save and invest, today announces its launch together with solarisBank, the tech company with a banking license, and Visa in Germany. The Berlin-based company aims to help people to make more of their money by combining the all-in-one mobile-first approach with a full-service package. Using the Vivid […]
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Companies

Wirecard and ALDI Sign MOU and Agree Collaboration

“Wirecard (…) and ALDI Nord and ALDI SÜD Groups have signed an MOU and plan to work together in the area of cashless payments. Within the scope of the partnership, Wirecard will process all credit card and international debit card payments at all ALDI stores in Germany. The possibility of expanding the cooperation is also […]
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