The customer then activates the payment with a fingerprint or PIN. Capterras study shows that the virtual wallet is already represented in Germany. say they have a payment app installed. use their smartphone for mobile payments and use a smartwatch. Younger generations use mobile wallet apps more often than older ones. Regular payment via virtual wallet rose to during the crisis Regular payment via mobile wallet increases by percentage points during the crisis. The biggest advantages are the simplicity of the payment and the 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 use mobile payment apps as they are the fastest way to pay. of users state that they use virtual wallets for health reasons as completely contactless payment is possible no need to enter the PIN as with card payments. of Germans still prefer cash Cash payment is still the Specific Database most popular payment method in Germany - and for all age groups. For many Germans handling cash is not just a personal preference but a cultural value they grew up with. The long-standing fondness for cash seeds from an underlying preference for the supposedly concrete over the abstract Dortmund-based historian Robert Muschalla tells the BBC.
Paying cashless is lagging behind in Germany of Germans say they prefer cash payments because they want to make sure they can always pay. As one survey participant notes I have often seen technical failures and only cash payment was possible. There is also a lack of contactless payment options in various areas such as local transport parking ticket machines small restaurants street markets etc. Another survey participant notes that for cashless payment everyone needs a suitable device even at flea markets. The fear of hidden fees when paying with an EC or credit card could also be a reason why cash payments are so popular in Germany. According to an analysis by biallo.