Digital change: Two thirds of Germans use contactless payment

Digital change: Two thirds of Germans use contactless payment

Digitization of paying in Germany: A trend with far -reaching consequences

In Germany, a remarkable change in dealing with money takes place: the majority of consumers are increasingly deviating from cash and opting for digital payment methods. This development is particularly evident in the use of contactless payment methods that use smartphones, smartwatches and modern bank cards.

age and habits: an interesting interaction

An essential factor for the acceptance of new technologies is the age of the users. A current study by Postbank shows that the so -called digital natives, i.e. young people between the ages of 18 and 39, have a high affinity for contactless payment with 81 percent. In comparison, only 59 percent of the over 40-year fans of this payment method are. These results illustrate the general trend of digitization that gains dynamics in our society.

growing popularity of mobile payment

The mobile payment has become very important in recent years. More and more people are using their smartphone or smartwatch to pay contactlessly at health insurers. This happens by simply holding the device to the cash register terminal. According to Thomas Brosch, Head of Digital Sales at Postbank, this is a practical solution, since many consumers always carry their smartphone with them and therefore do not have to carry a bank or credit card with them.

pay without cash: the votes of consumers

Despite the increasing interest in digital payment methods, cash remains important for many Germans. Thomas Brosch notes that 32 percent of the respondents support the idea of ​​abolishing cash, while 44 percent reject this opinion. The survey illustrates the conflict among the population: on the one hand there is a growing tendency towards digitization, on the other hand, a significant group remains loyal to cash.

The decline in cash use and the perspectives

The study also shows that the proportion of people who want to pay contact without contact is continuously increasing. If it was only 13 percent in 2015, this value rose to 67 percent by 2024. At the same time, the number of those who want to do without contact payments decreases. Only 20 percent of consumers state that they do not want to use modern, digital payment methods in the future.

popularity of the different payment apps

For the different mobile payment methods, Apple Pay (28 percent) and Google Pay (25 percent) are ahead. In addition, 16 percent use their house bank's applications, while 14 percent Payback Pay and 8 percent specific applications from retailers such as Netto or Edeka use. These numbers reflect the increasing trust and the variety of technologies that are available.

- Nag