Digital Payments transaction value forecast in Germany 2019-2023, by segment

Germany is one of the few high-tech countries with a high proportion of payments made through cash. Despite this, the country’s digital payments infrastructure is pretty well developed with around 150 million cards in circulation along with 1.1 million terminals and a robust processing landscape. Even though the German payments landscape is unlikely to pose any serious threat to market leaders such as China, its market is expected to witness moderate growth over the short to medium term.

Overall transaction values have been estimated to increase from 104.1 billion U.S. dollars in 2017 to over 149 billion U.S. dollars in 2023. Digital commerce payments dominate the market with mobile POS payments accounting for only a small part. The main factors driving market growth include digitization, the advent of PSD2, a European regulation for electronic payment services, robust e-Commerce growth and the emergence of payments services by large technology corporations such as Apple and Google.

FinTech - Digital Payments transaction value forecast in Germany 2019-2023, by segment

Exclusive Premium statistic

You need a Premium Account for unlimited access.

  • Full access to 1m statistics

  • Incl. source references

  • Available to download in PNG, PDF, XLS format

Premium Account

only $59 / month *
*Duration: 12 months, billed annually, single license

Access to this and all other statistics on 80,000 topics from

$708 / Year

Show detailed source information?
Register for free
Already a member?
Log in
Source

Release date

May 2019

Survey time period

2018

Supplementary notes

The Digital Payments market segment is led by consumer transactions and includes payments for products and services which are made over the Internet as well as mobile payments at point-of-sale (POS) via smartphone applications . The following are not included in this segment: transactions between businesses (Business-to-Business payments), bank transfers initiated online (that are not in connection with products and services purchased online), and payment transactions at the point-of-sale where mobile card readers (terminals) are used.

Statista Accounts: Access All Statistics. Starting from $708 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.
This statistic is not included in your account!

Premium Account
Your perfect start with Statista
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references

$59 / Month *

Corporate Account
Full access

Corporate solution including all features.

* All products require an annual contract.
   Prices do not include sales tax.

Statistics on "Fintech in Europe"

Further Content: You might find this interesting as well

Statista Accounts: Access All Statistics. Starting from $708 / Year
Learn more about how Statista can support your business.