girocard continues to grow and remains Germany's No. 1 payment card
Frankfurt am Main, August 24, 2023: girocard the growth trend of recent years into the first half of 2023. According to figures from the German Banking Industry Committee, consumers made approximately 3.65 billion payments with their girocard from January through July of this year. This represents a 15.0 percent increase in payment transactions compared to the first half of 2022 (3.17 billion). Transaction volume also grew strongly again, rising by 10.6 percent to 149 billion euros in the first half of 2023 (first half of 2022: 134 billion euros). The positive trend girocard also girocard in retail sector, which has girocard more girocard acceptance points: The number of payment terminals has risen by about 7 percent. Customers can pay with their girocard at more than one million terminals (1,097,000). This girocard makes girocard the market leader at the checkout. In particular, contactless payments using card, smartphone, or smartwatch are becoming increasingly popular: In about four out of five transactions, girocard was used for girocard payment—simply by holding the card near the terminal (80.9 percent; for comparison: June 2022: 74.3 percent).
At the store, restaurant, or ticket machine—one card all your everyday needs
German banks and Sparkassen use the momentum generated by the high level of acceptance girocard the development of new solutions for girocard . Together with retail partners and other market participants, functional enhancements girocard are currently being developed girocard many areas of application, such as linking to loyalty programs or digital receipts. The long-term goal is to make it possible girocard pay with girocard in every conceivable situation in Germany. The digital girocard in smartphones or smartwatches is at the center of many developments; for example, it is to be expanded to include the option of making payments in apps.
Another example of new application possibilities with the digital girocard is age verification, for which the German banking industry has been running an initial pilot project since the end of June. In future, this will make it easier to pay at vending machines or unattended checkouts, as age can now also be conveniently verified digitally online using mobile devices when purchasing age-restricted products. In the future, self-service checkouts and vending machines will also be able to sell age-restricted products and automatically verify age when payment is made.
A strong system as a basis for the future
the Germany Banking Industry Committee build on the existing strengths of its debit card with its future strategy. After all, the success of the girocard system is based on its high appeal to retail sector, end customers, and credit institutions. Its key advantages retail sector the retail sector are its widespread availability and low costs, combined with a full payment guarantee. Customers appreciate convenience and security, and they trust the product offered by their bank or Sparkasse. Credit institutions also benefit from the independence and broad market presence own proven national system.
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 As scheme manager, EURO Kartensysteme GmbH bundles core competencies in the girocard system. Its tasks include product management, sales, and scheme administration, as well as marketing and PR for girocard. The company's range of services also includes the development of operational security standards and methods for combating fraud, as well as 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 2023 Press release
girocard half-year figures 2023 Press image
girocard half-year figures 2023 Press graphic
