Germany Cards and Payments - Opportunities and Risks to 2026

Germany Cards and Payments - Opportunities and Risks to 2026

Summary

GlobalData’s ‘Germany Cards and Payments - Opportunities and Risks to 2026' report provides detailed analysis of market trends in the German cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cash, direct debits, cards, credit transfer, mobile wallets, and cheques during the review-period (2018-22e).

The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2022e-26f). It also offers information on the country's competitive landscape, including market shares of issuers and schemes.

The report brings together GlobalData’s research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers detailed regulatory policies and recent changes in regulatory structure.

The report provides top-level market analysis, information and insights into the German cards and payments industry, including -

• Current and forecast values for each market in the German cards and payments industry, including debit, credit, and charge cards
• Detailed insights into payment instruments including cash, direct debits, cards, credit transfer, mobile wallets, and cheques. It also, includes an overview of the country's key alternative payment instruments.
• Ecommerce market analysis.
• Analysis of various market drivers and regulations governing the German cards and payments industry.
• Detailed analysis of strategies adopted by banks and other institutions to market debit, credit, and charge cards.
• Comprehensive analysis of consumer attitudes and buying preferences for cards.
• The competitive landscape of the German cards and payments industry.

• Contactless payments for public transport are expected to further drive payment card use in Germany. In February 2022, the German city of Mainz launched a contactless ticketing system on buses and trams, allowing passengers to pay for their daily commutes using a contactless debit or credit card or an NFC-enabled mobile wallet. In order to make payments, passengers wave their payment method in front of a contactless POS device when boarding and exiting buses or trams.
• Buy-now-pay-later services are gaining prominence in Germany, with an increasing number of banks, merchants, and payment providers now offering them. In January 2022, PayPal launched “Payment after 30 days” in Germany, enabling users to pay a maximum of EUR1,000 ($1,137.65) after 30 days without any additional cost. After 30 days, the amount is automatically deducted from the user’s PayPal account.
• To increase footfall and offer fast and convenient shopping experiences, brick-and-mortar stores are offering self-checkout outlets. Sporting goods retailer Decathlon collaborated with payment solutions provider MishiPay to offer cashier-less stores. The service enables customers to scan and pay for products using the MishiPay app, and thereby avoid queues as well as contact with POS terminals. Similarly, in October 2021, the supermarket REWE launched cashier-less stores in the country. In December 2021, the supermarket Netto collaborated with payment solutions provider Trigo to launch a mobile self-checkout solution in Munich.

• Make strategic business decisions, using top-level historic and forecast market data, related to the German cards and payments industry and each market within it.
• Understand the key market trends and growth opportunities in the German cards and payments industry.
• Assess the competitive dynamics in the German cards and payments industry.
• Gain insights into marketing strategies used for various card types in Germany.
• Gain insights into key regulations governing the German cards and payments industry.