Most frequently used with girocard: Debit card from German banks and Sparkassen the leading payment method at the checkout
Frankfurt am Main, August 28, 2024: When making cashless payments, customers in Germany continue to use girocard most frequently. The number of payment transactions in the first half of 2024 was around 3.84 billion (first half of 2023: 3.65 billion), which corresponds to an increase of 5.3 percent. This means that girocard is and remains girocard most popular cashless payment method .
This is also due to the fact that girocard can be used to make payments girocard an increasing number of acceptance points in retail sector, restaurants, and gas stations: At the peak of the first half of 2024, consumers used their girocard at more than 1,183,000 active terminals – an increase of 7.9 percent compared to the same period last year (first half of 2023: up to 1,097,000 active terminals). The retail sector on the debit card issued by German banks and Sparkassen, which is further expanding its already high level of acceptance. What many consumers don't know is that the retail sector also benefits from this development, as girocard is girocard cheapest payment method a payment guarantee.¹
Pay? By card, please!
Whether at the ice cream parlor, the bakery, or the swimming pool: instead of placing coins and bills on the counter, paying with girocard is becoming increasingly common, girocard for smaller amounts. One indicator of this is the steadily declining average amount, which at €39.08 is more than one euro below the previous year's figure (€40.70). Correspondingly, total card sales are up one percent, rising to €150.1 billion (first half of 2023: €148.6 billion).
Ready for tomorrow: girocard positions itself sustainably for the future
Contactless payments with girocard whether physical or digital—have already become the norm in customers’ daily lives: More than five out of six customers (84.9 percent) made contactless payments at terminals using their card, smartphone, or smartwatch in the first half of 2024. To continue meeting consumer needs in the future, additional areas of application will be explored and girocard will be further developed girocard . To this end, new features are being implemented for Germany’s most widely used debit card in close collaboration with banks, Sparkassen, retail chains, network operators, and other stakeholders.
¹ CFIN Research Center for Financial Services 2023: Added value of girocard payment services.
About girocard:
The "girocard" brand stands for the overarching framework of the German banking industry: the girocard procedure as a debit card payment method and the "German ATM system." By using a personal identification number (PIN) the Germany Banking Industry Committee guarantees the secure and easy use girocard. The name and logo girocard were introduced by the German Banking Industry Committee 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
Public. Agentur für Kommunikation GmbH
Eva Wohlgemuth
Consultant
Tel.: +49 (0)62 / 19636-0035
e.wohlgemuth@agentur-publik.de
Download
girocard half-year figures 2024 Press release
girocard half-year figures 2024 Press graphic
girocard half-year figures 2024 Press image
