Germany: Mobile Payments on the Rise, PayPal Dominates Online Retail (heise.de)
0xBASE INTEL BRIEF
- Mobile payments growing in retail stores.
- PayPal still leads online shopping.
- Shift from cash/cards to contactless.
"A recent study reveals changing payment behavior in Germany. Mobile payments via smartphone or smartwatch are becoming increasingly popular in brick-and-mortar retail. At the same time, PayPal remains the undisputed number one payment method in online retail. The study documents a clear trend away from cash and cards towards contactless and mobile solutions. Exact percentages or the institute behind the study were not disclosed in the source."
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