Euro card systems: Consumers in Germany use Girocard more frequently than ever before

Euro card systems: Consumers in Germany use Girocard more frequently than ever before


Consumers in Germany have never before cashless Use your Girocard to pay as often as you did last year. The Frankfurt institution Euro Kartensysteme registered 7.48 billion such payment transactions. That was 11.5 percent more than in the previous record year of 2022.

According to the figures, the Girocard is also becoming more popular when paying smaller amounts, for example at the bakery or the cash register. The average amount paid with the Girocard fell from 42.34 euros to 40.69 euros within a year. According to Euro Kartensysteme, total sales with the Girocard in 2023 were 304 billion euros, 7.1 percent above the level of the previous year (284 billion euros).

Contactless payments are widely used

There was also an increase in contactless payment transactions. The proportion of these payments with the Girocard rose from 79 to almost 84 percent. “Customers are increasingly paying at the checkout and quite naturally by holding their card,” writes Euro Kartensysteme.

Contactless payment is possible with debit cards and credit cards that have a so-called NFC chip. You can also use a smartphone or smartwatch with services such as Apple Pay and Google Pay or money can be transferred contactlessly using banking apps. The data for processing the payment is exchanged in encrypted form with the terminal at the checkout when customers hold the card, smartphone or smartwatch close to the device. For small amounts, you don’t even need to enter your PIN number.

The majority of the approximately 100 million Girocards that banks and savings banks in Germany have issued to their customers are equipped with the contactless function. According to Euro Kartensysteme’s assessment, paying quickly as you walk past is technically possible at almost all of the more than 1.1 million payment terminals in stores in this country.



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