Increasingly common at more and more cash registers: girocard sees significant growth in retail sector
Frankfurt am Main, February 13, 2024: Last year, customers once again paid more frequently with their girocard at the checkout. With around 7.5 billion payment transactions, the statistics from the German Banking Industry Committee once again show very stable growth: The number of transactions—i.e., payments made with girocard—rose by 11.5 percent compared to the previous year (6.7 billion). Sales increased by 7.1 percent to €304 billion in the same period (2022: €284 billion). The popularity girocard is particularly evident girocard its widespread acceptance in retail sector: Last year, up to 1,132,000 active terminals were available each month, representing an increase of around 8.3 percent (2022: 1,046,000 terminals). This is the largest percentage increase since 2010 and the highest increase in absolute terms in more than 20 years. The popularity girocard customers is also retail sector in the increased demand in retail sector – because more terminals mean greater convenience when paying at the checkout and thus shorter queues. The German debit card retail sector also particularly attractive for the retail sector , as it is known as a particularly efficient and inexpensive cashless payment method with an integrated payment guarantee.
Card payment is part of everyday life
A look at the numbers reveals a trend that has been continuing for several years: In 2023, consumers not only relied on debit cards issued by German banks and Sparkassen at an increasing number of stores, but also used them more frequently for smaller amounts. As a result, the average receipt amount fell by 1.65 euros (from 42.34 euros in 2022 to 40.69 euros in 2023). This shows that the card is used card only for larger purchases but also for everyday needs. People therefore appreciate not only the convenience but also the widespread acceptance girocard.
Contactless payment continues to develop positively
Customers are increasingly paying at store registers simply by holding up their card—and they do so as a matter of course: As a result, the share of contactless payments in the girocard system continued to rise despite already being at a very high level, reaching approximately 84 percent by the end of 2023 (79 percent the previous year). Contactless payments using card physical card smartphone, card smartwatch have thus become an integral part of everyday payment habits for people in Germany. To reinforce this positive trend, the Germany Banking Industry Committee is the Germany Banking Industry Committee working—with the support of the retail sector and other stakeholders—to girocard additional applications for girocard . This is leading to tailored, market-driven developments—both at the point of sale and for online payments—that benefit all market participants. As girocard result girocard remains a strong and reliable payment system for Germany—offering significant cost advantages and modern features.
You can find graphics and pictures of the girocard here.
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
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girocard annual figures 2023 Press release
girocard annual figures 2023 Press graphic
girocard annual figures 2023 Press image
girocard annual figures 2023 Trend sales 2014-2023
girocard annual figures 2023 Trend terminals 2014-2023
girocard annual figures 2023 Trend transactions 2014-2023
