Frankfurt am Main, August 17, 2022: girocard Deutsche Kreditwirtschaft has once again recorded strong growth in transaction and sales figures, confirming its position as the leading electronic payment method at the checkout. Consumers are increasingly paying with girocard: In the first half of 2022, it recorded around 3.17 billion transactions – an increase of around 17.1 percent compared to the same period last year (2.71 billion). At more than €134 billion, turnover was around 17.9 percent higher than in the first half of 2021 (€114 billion). The retail sector also increasingly retail sector payments via the girocard system: for the first time, there were over one million acceptance points (up to around 1,023,000 active terminals per month) – i.e., electronic cash registers where consumers paid with girocard. This means that the number of active payment terminals in the first half of 2022 is around 11.0 percent higher than in the first six months of 2021, demonstrating the high level of acceptance of the system by the retail sector.
Contactless payment has now become second nature for many people. Figures from the first half of the year show that it has become firmly established in everyday life and has leveled off at a high level. Overall, about three-quarters (74.3 percent) of all transactions were conducted contactlessly—using card, smartphones, and smartwatches. In the first half of 2021, about 64.1 percent of all girocard transactions were contactless. This represents an increase of about 10 percentage points. Contactless payments, particularly with the digital card, are therefore also the focus of current developments, such as girocard expansion girocard theretail sector.
The strong growth of girocard Germany is particularly evident in the five-year trend: since 2017, the number of transactions in the first half of each year has more than doubled – from around 1.5 billion transactions in 2017 to more than three billion transactions in 2022. Sales rose by around 72.5 percent in the same period (first half of 2017: around 78 billion euros). The success girocard for paying small amounts is reflected in the average receipt value, which fell from €50.66 in the first half of 2017 to €42.36 in the first half of 2022.
Consumers trust girocard any other payment method on the German market and value the benefits it offers them—whether as card physical card as a digital version on a smartphone or smartwatch: As a national payment system, girocard is girocard tailored to the needs of this country and, in addition to convenience, stands for data protection and security in particular. Banks and Sparkassen girocard meet this standard Sparkassen girocard and drive innovation within the girocard system, retail sector by the needs of customers and retail sector . The shared goal is payment services sovereignty in payment services in Germany by having their own payment method.
You can find graphics and pictures of the girocard here.
About girocard:
Banks and Sparkassen Germany have issued around 100 million girocards. The "girocard" brand represents the overarching framework of the German banking industry for its two proven debit card payment systems: the girocard procedure (formerly "electronic cash") as a debit card payment method and the "German ATM system." By using a personal identification number (PIN), the Germany Banking Industry Committee guarantees that girocard can the Germany Banking Industry Committee be used securely and easily. The name and logo girocard were introduced by the German banking industry in 2007.
About EURO Kartensysteme:
As a joint venture of the German banking industry, EURO Kartensysteme GmbH performs tasks in the common interest of German banks and Sparkassen the area of card-based payment services EURO Kartensysteme GmbH focuses in particular on central tasks and services such as marketing and PR for girocard its prepaid payment functions, other chip functions, girocard business development, the development of operational security standards and methods for combating fraud, and Mastercard license management.
Contact:
EURO Kartensysteme GmbH
Lisa Werner / Jessica Henke
Communication and Marketing
Tel.: +49 (0)69 / 97945-4853
Fax: +49 (0)69 / 97945-4847
presse@eurokartensysteme.de
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girocard half-year figures 2022 Press release
girocard half-year figures 2022 Press graphic
girocard half-year figures 2022 Press image
