The share of card payments in Germany has seen steady growth from 0.32 in 2013 to 0.6 in 2023. Over the last two years, the year-on-year growth rates were approximately 3.51% from 2021 to 2022 and 1.69% from 2022 to 2023. The Compound Annual Growth Rate (CAGR) over the past five years is approximately 2.83%. Forecasted data suggests continued growth, reaching 0.68 by 2028, reflecting a 5-year growth rate of 9.68% and a 5-year CAGR of 1.86%.
Future trends to watch for:
- Increasing adoption of NFC and mobile payments.
- Greater integration of card payments with e-commerce platforms.
- Potential regulatory changes affecting payment processing fees.
- Growing influence of fintech innovations in payment solutions.
