Card finally trumps cash in Germany as virus prompts change

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Card payments will 'exceed cash payments in Germany for the first time in history' in 2020, according to a study by Euromonitor International.

Card payments will surpass cash transactions for the first time in Germany in 2020 as the pandemic changes shoppers' behavior, a study said on Thursday, September 17.

Card payments will"exceed cash payments in Germany for the first time in history" in 2020, the Euromonitor study said. There was already a trend in the last few years of fewer and fewer people paying by cash, he said, but the upsurge came after the cafe adapted to remove a minimum card limit at the start of the pandemic to allow customers to pay any way they wanted.

 

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