Business Contactless payment has become established

Contactless payment has become established

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DAccording to the Bundesbank, contactless payment is becoming more popular in Germany. About every third person who already has a payment card with such a function pays his bill at the supermarket checkout, as it were. This emerges from a survey published on Wednesday on behalf of the Deutsche Bundesbank. "This means that contactless payment has arrived in everyday life," said Bundesbank board member Burkhard Balz.

According to the survey, 32 percent of contactless debit card holders such as Gorocard or Maestro are now using this option. It is 39 percent of credit card users.

“Contactless” means that the customer does not have to insert his credit card or Girocard into a device. 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, it is not even necessary to enter the secret number (PIN).

Half doesn't have it, half doesn't use it

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 of these cards (49 percent) had a contactless function during the survey period.

Almost every second owns credit cards, but only 40 percent of the cards also have a contactless function. The bottom line is that not even every sixth cardholder uses this type of payment. In relation to all respondents, only one in seven uses the function.

. (tagsToTranslate) Burkhard Balz (t) Deutsche Bundesbank (t) EC card

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