The share of cash in Germany declined, whilst credit cards became more popular since the coronavirus pandemic. Cash was the most popular method used for POS transactions in Germany throughout these years, accounting for 40 percent of transactions in 2021. However, this is a decline from 2017, when it accounted for over half of payments (55 percent). It might be that cash became drastically less popular in 2020 due to the COVID-19 pandemic. In neighboring country the Netherlands, for instance, contactless payments became significantly more important during the first half of 2020.
Market share of cash, credit cards, and other payment methods at point of sale (POS) in Germany from 2017 to 2023, with a forecast for 2027
Characteristic
2017
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2022
2023
2027
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* The source made changes to its categories in 2021, see the "Details" tab for more information.
Supplementary notes
In 2022, the source stated it made two changes to the categories used in previous years. These include a combination of "credit cards" with "charge/deferred debit cards" and the split of BNPL from "POS financing" (which itself was added as a new category in 2020). The latter change was made to atone for the "growing importance of BNPL". This seems to have been reverted for "POS financing" in the 2023 report - which covered the figures for 2022.
The figures have been taken from several publications. No figures were available for 2018 as the source did not release any reports that year.
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Worldpay. (March 21, 2024). Market share of cash, credit cards, and other payment methods at point of sale (POS) in Germany from 2017 to 2023, with a forecast for 2027 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/972433/share-of-payment-methods-used-for-card-present-transactions-germany/
Worldpay. "Market share of cash, credit cards, and other payment methods at point of sale (POS) in Germany from 2017 to 2023, with a forecast for 2027." Chart. March 21, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/972433/share-of-payment-methods-used-for-card-present-transactions-germany/
Worldpay. (2024). Market share of cash, credit cards, and other payment methods at point of sale (POS) in Germany from 2017 to 2023, with a forecast for 2027. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/972433/share-of-payment-methods-used-for-card-present-transactions-germany/
Worldpay. "Market Share of Cash, Credit Cards, and Other Payment Methods at Point of Sale (Pos) in Germany from 2017 to 2023, with a Forecast for 2027." Statista, Statista Inc., 21 Mar 2024, https://www.statista.com/statistics/972433/share-of-payment-methods-used-for-card-present-transactions-germany/
Worldpay, Market share of cash, credit cards, and other payment methods at point of sale (POS) in Germany from 2017 to 2023, with a forecast for 2027 Statista, https://www.statista.com/statistics/972433/share-of-payment-methods-used-for-card-present-transactions-germany/ (last visited July 22, 2024)
Market share of cash, credit cards, and other payment methods at point of sale (POS) in Germany from 2017 to 2023, with a forecast for 2027 [Graph], Worldpay, March 21, 2024. [Online]. Available: https://www.statista.com/statistics/972433/share-of-payment-methods-used-for-card-present-transactions-germany/