A Look at Consumer Retail Payment Behavior In Germany

Earlier this year, the Bundesbank published its findings regarding the payment behavior of consumers for retail purchases in Germany.

From the press release: "The majority of those surveyed stated that how they chose to pay was determined by the amount of cash they had available to them and the amount to be paid. Measured by the value of the transactions, cash accounts for a share of 57.9%, girocards for 25.5% and credit cards for 3.6% of all purchases. In terms of the number of transactions, cash accounts for a share of 82.5%, with girocards and credit cards accounting for 11.9% and 1.4% respectively. This is due to the fact that mainly small and medium-sized payment amounts are paid in cash."

The full study is available for download here.