Annual number of real-time payments in Germany in 2023, with a 2028 forecast
Real-time payments in Germany were predicted to grow by 2028, as instant payments made up about three percent of overall payments in 2022. Approximately five percent of the overall payments mix in the country - including both cash and cashless - is anticipated to be an instant payment by 2028. The source adds this equals a CAGR of 17.1 percent between the five years under consideration. Germany does not have a domestic instant payment scheme but uses the European Union's SCT Inst, or SEPA Instant Credit Transfer scheme. This is not to be confused with SEPA - which takes up to two business days to process.
