Business Contactless payment: Germans pay more without touching

Contactless payment: Germans pay more without touching

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Consumers in Germany are paying more and more contactlessly. About every third person who has a payment card with this function pays their bill at the supermarket checkout. This emerges from a survey commissioned by the Deutsche Bundesbank.

According to the survey, 32 percent of contactless debit card holders now use this option. It is 39 percent of credit card users. "This means that contactless payment has arrived in everyday life," said Bundesbank board member Burkhard Balz. From April to July 2019, around 3,100 randomly selected citizens took part in the online and telephone survey conducted by infas quo on behalf of the Bundesbank.

With contactless payment, the customer does not have to insert his card into a device. Instead, the data is encrypted and exchanged with the terminal at the cash register when the card is held up in front of the reader. With small amounts, the secret number (PIN) does not have to be entered.

Only half of the cards with contactless function

However, not all payment cards are equipped with a contactless function. According to the survey, 95 percent of the respondents hold a debit card like the Girocard, but only half (49 percent) of these cards had a contactless function during the survey period.

However, this is not the only way to pay quickly: "Paying by smartphone is now also common at the checkout," said Balz. According to the information, mobile solutions from savings banks and Volksbanks are used more often than the offers of tech companies Google ("Google Pay") and Apple ("Apple Pay").

Those who shop online prefer to pay for the survey by invoice (69 percent) or PayPal (68 percent). Direct debit follows in third place among the commonly used online payment methods (59 percent). However, cash is still the most popular option: A poll conducted by the Civey polling institute for SPIEGEL last summer showed that half of all respondents generally preferred to pay by cash rather than by card.

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