Card payments surpassed cash payments in the retail

purchases to the value of 209 billion euros paid by German consumers in 2018 in retail per card. According to a study, payments in cash lost for the first time the top position.

fades The predilection of the Germans for cash. In the past year, the customer would have paid at retail for the first time, more often with a card than with cash, according to the trade research Institute EHI.

The share of cash payments therefore fell to 48.3 percent - a decrease of 1.7 percentage points compared to the previous year. Card payments accounted for 48.6 per cent of the turnover of the retailers, an increase of 1.7 percentage points.

card payments on the value of 209 billion Euro.

In the case of smaller amounts of cash more unchallenged the most common means of payment.

The EHI study shows that the consumer paid in 2018, purchases on the value of 209,2 billion euros by card - 12.4 billion Euro more than in the previous year. Especially in the case of payments by Girocard, there was a significant growth. Clearly slower, the market share of payments increased with credit cards. The largest decline of all types of payment of the EUI researchers from the SEPA-direct debit procedure recorded.

Even if the importance of cash is declining, the trade research Institute, the customer will soon pay with the card or the Smartphone. Especially in the case of small sums of cash, according to the EHI as a means of payment first choice.

More:

cash soon meaningless?, 11.04.2019 Germans prefer cash, 29.01.2019 Atlas |Germany |Bonn

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