A recent study reveals a significant shift in payment preferences among German consumers. With two-thirds now opting for contactless transactions, up from 13% in 2015 to 60% in 2022, the trend away from cash is evident.
While half still use cash, only 32% support phasing out physical currency. Popular mobile payment methods include Apple Pay (28%), Google Pay (25%), and bank apps (16%).
This surge in contactless payments is attributed to the convenience of smartphone transactions, eliminating the need for physical cards. The findings highlight a clear preference for digital transactions and the fading relevance of traditional cash payments in Germany.
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