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Germany

Euro (EUR)

Although they have historically had a high affinity for cash, more and more Germans are now opting for cashless and contactless payments at the point of sale. FinTech companies are offering more digital payment options, and the fall in cash payments is driven by the growing number of retailers allowing electronic payment options.

Germany flag

Population

83,196,078

Banked Population:

99.98%

Group 427321246

Main industries

 Machinery, Automotive, & Aviation, Chemical & Medical, Consumer & Service, Energy & Environmental Technology, Electronics & ICT, and Mittelstand

Group 427321247

Main imports

Cars, Motor Vehicles (parts & accessories), Packaged Medicaments, Broadcasting Equipment and Vaccines

Group 427321248

Main exports

Cars, Packaged Medicaments, Motor Vehicles (parts & accessories), Vaccines, and Planes, Helicopters, & Spacecraft

GDP stats

$51,203.6

Per capita (USD)

2.6%

Growth annually

4

World ranking

Internet usage

91%

Smartphone usage

84%

Credit/debit card usage

56.52%

Population transacting electronically

85%

Group 427321245 1

Total volume of digital payments projected to reach

$245.10B (USD)

Payment Methods in Germany

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  • All Methods
  • ONLINE
  • Voucher

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