European Payment Cards Yearbook

Germany - Summary

 

Price: £100.00
Purchase Germany Profile

Market Overview

  
Payment Organizations

Deutsche Kreditwirtschaft (DK) is the umbrella organisation of the German bank sectors (ZKA renamed to DK).

   
Domestic Card Brands Girocard debit cards with e-purse function GeldKarte; most girocards are co-badged either Maestro, V PAY, Cirrus, or Plus.
   
Market Structure

A decentralized infrastructure composed of more than 30 issuers, 16 active acquirers, eight card processors, 20 German specific POS network processors (ÒNetzbetreiberÓ), and 4 ATM networks. Girocard debit acquiring is separate from credit card acquiring.

Debit cards are often used for cash withdrawals. Since 2007, POS use is higher than ATM use. Use of credit and delayed debit cards remains low.

German girocard debit cards compete with the domestic ELV direct debit procedure used by retailers and at petrol stations.

Main Processors are First Data, Atos Worldline

   
Major Issuers LandesBank Berlin, Commerzbank, Deutsche Bank, Deutsche Postbank, savings banks (Sparkassen), cooperative VR-banks.
   
Major Acquirers ConCardis, B+S Card Service.
   
Consumer Finance

Largest market in the euro zone, with outstanding consumer credit of Û226.7 billion (2010), Û2,773 per capita. Important market segments are instalment credit and car finance.
   

Key Statistics 2010

  
Population 81.76 million
Cards Debit: 102.2 million
Delayed Debit: 21.6 million
Credit: 3.7 million
Total payment cards: 127.5 million

 

 

 

region
region
base