Capterra’s study shows that the virtual wallet is already present in Germany. 54% say they have a payment app installed. 97% use their smartphone for mobile payments and 3% use a smartwatch. Younger generations use mobile wallet apps more often than older ones.
Regular payments via virtual wallet have increased to 61% during the crisis
Regular payments via mobile wallet increased by 7 percentage points during the crisis. The biggest advantages are cambodia telegram data the simplicity of payment and contactless payment. No physical contact is required during a transaction (e.g. no PIN needs to be entered when paying with a smartphone).
Contactless payment via smartphone in the crisis
For example, 35% use mobile payment apps because they are the fastest way to pay. 29% of users say they use virtual wallets for health reasons because they allow completely contactless payment (no need to enter a PIN like with card payments).
Germans still prefer cash
Cash payment is still the most popular payment method in Germany – across all age groups.
For many Germans, handling cash is not just a personal preference, Cashless hilmon sorey diretor-gerente payments but a cultural value they grew up with. The long-standing preference for cash “is based on an underlying preference for the supposedly concrete over the abstract,” Dortmund historian Robert Muschalla tells the BBC .
59% of Germans say they prefer cash payments because they want to be sure that lob directory they can always pay. One survey participant noted: