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987873

Germany Cards and Payments - Opportunities and Risks to 2025

Published: | GlobalData | 91 Pages | Delivery time: 1-2 business days

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Germany Cards and Payments - Opportunities and Risks to 2025
Published: December 1, 2021
GlobalData
Content info: 91 Pages
Delivery time: 1-2 business days
  • Description
  • Table of Contents

GlobalData's 'Germany Cards and Payments - Opportunities and Risks to 2025' 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 cards, credit transfers, cash, direct debits and cheques during the review-period (2017-21e).

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 (2021e-25f). 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.

GlobalData's 'Germany Cards and Payments: Opportunities and Risks to 2025' 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 cards, credit transfers, cash, direct debits 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

Scope

  • The SEPA Instant Credit Transfer (SCT Inst) service has been available in Germany since November 2017. It enables individuals to transfer a maximum of €100,000 ($122,281.12) within 10 seconds. Funds can be transferred instantly 24 hours a day, seven days a week, 365 days a year. Based on SCT Inst infrastructure, in July 2020 a group of 16 European banks from Spain, Belgium, France, Germany, and the Netherlands announced the future launch of a European-level unified payment system called the European Payments Initiative. It is expected to enter the operational stage in 2022. The new solution aims to create a unified payment solution leveraging existing SCT Inst infrastructure; it also plans to offer cards and digital wallets for consumers and merchants across Europe. The solution will cover all types of transactions, including in-store, online, and P2P payments using payment cards and digital wallets, as well as cash withdrawals.
  • The proliferation of digital-only banks is likely to accelerate the shift away from cash to card payments. N26 is the most popular digital-only bank in Germany, providing competition to traditional banks by offering products and services at comparatively lower rates. Founded in 2013 in Germany, it is now available in 25 countries. In November 2020, the bank launched N26 Smart - a new premium account that includes an N26 Smart Mastercard debit card. In June 2020, Germany-based Vivid Money launched digital banking services in Germany. It offers a metal Visa debit card for its account holders free of charge. Previously, Santander launched its digital-only bank Openbank in Germany in September 2019. Other challenger banks operating in the country include Revolut, Penta, and Holvi.
  • German consumers are increasingly using girocards for contactless payments. According to girocard, currently there are nearly 80 million girocards with contactless functionality. There is also growing concern among consumers about what they touch (including cash) amid the COVID-19 outbreak. This is further pushing consumers towards payment methods such as contactless cards. According to girocard, in the first half of 2021, nearly 64% of all girocard transactions were contactless. Growth in contactless payments is also expected to be supported by rising acceptance. According to girocard, as of October 2021, there are around 922,000 POS terminals capable of supporting contactless payments in Germany, up from 755,000 in December 2019.

Reasons to Buy

  • 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.
Product Code: GDFS0551CI

Table of Contents

Table of Contents

  • Market Overview
  • Payment Instruments
  • Card-Based Payments
  • Merchant Acquiring
  • Ecommerce Payments
  • Buy Now Pay Later
  • Mobile Payments
  • P2P Payments
  • Bill Payments
  • Alternative Payments
  • Payment Innovations
  • Job Analysis
  • Payment Infrastructure and Regulation

Appendix