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Germany: cash accounts for 74% of transactions

by Guillaume Lepecq | Mar 05, 2018

Converse_shoppingAccording to the Deutsche Bundesbank survey on "Payment behaviour in Germany in 2017", cash is by far the most widely used payment instrument and accounts for 74% of transactions in volume and 48 % in value.

Here are some of the key take-aways of the report:

  • Cash accounted for 74% of transaction volumes in 2017, down 5 percentage points from 2014.
  • In particular, 96% of payments under € 5 continue to be settled in cash as well as most of the expenditure up to € 50. Also, payments made at retail outlets or for certain types of transactions, eg. person-to-person, eating and drinking outside the home (including delivery services) as well as vending machines are predominantly paid in cash.
  • In value, 48% of transactions were settled in cash, a decrease of six percentage points since to 2014.
  • The vast majority of respondents (88%) would like to continue to pay cash in the future and object to its withdrawal or restrictions to its usage. As in previous studies on payment behaviour, there is a high level of overall satisfaction with traditional payment methods and a slow - but steady - change in payment behaviour.

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