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

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Release date

May 2019

Survey time period


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.

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