Germany Digital Payment Market: Industry Analysis and Forecast (2024-2030)

  • The German Digital Payment Market size was valued at USD 333.08 Billion in 2023. The total German Digital Payment Market revenue is expected to grow at a CAGR of 9.90 % from 2023 to 2030, reaching nearly USD 644.96 Billion in 2030.

  • Format : PDF | Report ID : SMR_1574

Germany Digital Payment Market Overview

The Stellar Report covers the current State of the Digital Payment Market in Germany, highlighting the growth trajectory and key players in the Industry. The report provides an analysis of the trends such as an increase in mobile payments, contactless transactions, and the impact of regulatory frameworks set the foundation for understanding the market dynamics. The increasing e-commerce sector, driven by digital payments, is explored in detail. The report underscores its role in job creation, revenue generation, and the overall economic impact on the market. The German digital payments market presents desirable investment opportunities for a variety of stakeholders, including fintech startups developing innovative payment solutions, established financial institutions growing digital services, technology firms providing platform solutions, and investors who want to be exposed to thriving e-commerce and digital economies. 


The growth of e-commerce drives the German digital payments sector, encouraging customers to use digital payment methods. Growing mobile payment use, driven by greater smartphone usage and mobile wallet convenience, adds to market growth. Government programs, such as "Deutschland bargello," encourage cashless transactions, while technical advances, such as contactless payments and biometrics, improve security and user experience. Consumer tastes are shifting, particularly among younger generations, favoring digital payments.

Germany Digital Payment Market

Growth of the E-commerce sector in Germany

The e-commerce sector in Germany has witnessed substantial growth, leading to a higher demand for digital payment solutions. The increasing e-commerce sector encourages job creation in shipping, customer service, information technology, and marketing, thus strengthening the economy and increasing tax income. Digital payments provide consumers with a quick, safe, and typically contactless online payment option, improving the shopping experience and encouraging more online purchases. The increase in e-commerce promotes increased competition, which is expected to lead to reduced costs and benefit both online and traditional merchants implementing omnichannel tactics. Digital payments also help to increase financial inclusion by reaching out to unbanked or underbanked people, allowing them to participate in the digital economy. It also drives advancements in cybersecurity, data analytics, and artificial intelligence.


Some Key highlights of the digital payment market are covered in the Stellar report.


  • Cash dominance is declining, dropping from over XX% of transactions in 2018 to around XX% in 2023.
  • Germany adopted the SEPA Instant Payment System (SCT Instant) in 2018, enabling real-time money transfers. It processed over 1 billion transactions in 2023. 
  • In 2018, only 45% of Germans felt comfortable making online payments. By 2023, that number jumped to 70%, thanks to increased security and convenience.
  • The value of e-commerce transactions processed through digital wallets in Germany was €15 billion in 2018. It's projected to reach €84 billion by 2025. 


Security Concerns Remain a significant Barrier in Germany

Security issues restrict the digital payments business in Germany, resulting in slow growth. Consumer unwillingness has an impact on fintech companies, retailers, and the entire e-commerce ecosystem. The hesitation to embrace digital payments reduces transaction volumes, reducing revenue opportunities for stakeholders. The opposition promotes market fragmentation as consumers adhere to familiar cash transactions or other payment methods, slowing the adoption of innovative technologies.


According to the Stellar Estimations, recorded cyberattacks against German organizations increased by 38% between 2018 and 2023. Annual losses due to payment fraud in Germany increased from $XX billion in 2018 to $XX billion in 2023, indicating the growing risk. Stellar Research discovered that 42% of German consumers value data security, while 37% are concerned about fraud in digital payments.


Germany Digital Payment Market1

Germany Digital Payment Market Segment Analysis

By Mode of Payment, the Bank Cards segment holds the dominant share of the German Digital Payment market, estimated at around 60%. Cards continue to dominate the Australian retail environment, both in physical stores and online, and are largely recognized and preferred by consumers because of their ubiquitous convenience. Such ubiquity encourages widespread adoption, particularly among small retailers and independent vendors. In the Australian market, debit cards (Eftpos) have a notable advantage over credit cards in terms of customer purchasing habits and transaction values.


Debit and credit cards play a substantial role in the transaction volume of the Australian digital payment market, particularly in larger purchases. Australians utilize cards not only for everyday expenses such as groceries and dining but also for significant transactions such as electronics, travel, and bill payments. The robust transaction activity positions cards as essential contributors to the ongoing growth and value of the Australian digital payment landscape.

Germany Digital Payment Market2

Germany  Digital Payment Market Scope

Market Size in 2023

USD 333.08 Bn.

Market Size in 2030

USD 644.96  Bn.

CAGR (2024-2030)


Historic Data


Base Year


Forecast Period


Segment Scope

By Service

  • Professional
  • Managed

By Solution

  • Payment Gateway
  • Payment Processing
  • Payment Security & Fraud Management

By Mode of Payment

  • Bank Cards
  • Digital Wallets
  • Point of Sales
  • Net Banking

By Organization Size

  • SMEs
  • Large Enterprises

By Deployment Mode

  • Cloud
  • On-premises

By Industry

  • BFSI
  • Healthcare
  • IT & Telecom
  • Retail & E-commerce
  • Transportation



Key Players in the German Digital Payment Market

  1. Mastercard Inc.
  2. Girocard.
  3. Paypal.
  4. Visa Inc.
  5. Google Pay (Google LLC)
  6. Klarna
  7. Ratepay

Frequently Asked Questions

Key trends include the boom in e-commerce, rising mobile payment adoption, government initiatives like "Deutschland bargello," technological advancements, and changing consumer preferences towards digital transactions.

1.    Germany Digital Payment Market Introduction
1.1.    Study Assumption and Market Definition
1.2.    Scope of the Study
1.3.    Executive Summary
2.    Germany Digital Payment Market: Dynamics
2.1.    Germany Digital Payment Market Trends 
2.2.    PORTER’s Five Forces Analysis
2.3.    PESTLE Analysis
2.4.    Examination of the impact of e-commerce growth, mobile payment adoption, and technological advancements.
2.5.    Examination of factors influencing consumer choices in digital payments.
2.6.    Key Opinion Leader Analysis for the German Digital Payment Industry 
2.7.    Germany Digital Payment Market Price Trend Analysis (2022-23)
2.8.    value Chain Analysis
2.9.    Identification of potential areas for innovation and growth.
2.10.    Exploration of opportunities for fintech startups established financial institutions, and technology companies.
3.    Germany Digital Payment Market: Market Size and Forecast by Segmentation for (by Value in USD Million) (2023-2030)
3.1.    Germany Digital Payment Market Size and Forecast, by Service (2023-2030)
3.1.1.    Professional
3.1.2.    Managed 

3.2.    Germany Digital Payment Market Size and Forecast, by Solution (2023-2030)
3.2.1.    Payment Gateway
3.2.2.    Payment Processing
3.2.3.    Payment Security & Fraud Management 

3.3.    Germany Digital Payment Market Size and Forecast, by Mode of Payment (2023-2030)
3.3.1.    Bank Cards
3.3.2.    Digital Wallets
3.3.3.    Point of Sales
3.3.4.    Net Banking

3.4.    Germany Digital Payment Market Size and Forecast, by Organization Size (2023-2030)
3.4.1.    SMEs
3.4.2.    Large Enterprises

3.5.    Germany Digital Payment Market Size and Forecast, by Deployment Mode (2023-2030)
3.5.1.    Cloud
3.5.2.    On-premises

3.6.    Germany Digital Payment Market Size and Forecast, by Industry (2023-2030)
3.6.1.    BFSI
3.6.2.    Healthcare
3.6.3.    IT & Telecom
3.6.4.    Retail & E-commerce
3.6.5.    Transportation

4.    Germany Digital Payment Market: Competitive Landscape
4.1.    Stellar Competition Matrix
4.2.    Competitive Landscape
4.3.    Key Players Benchmarking
4.3.1.    Company Name
4.3.2.    Product Segment
4.3.3.    End-user Segment
4.3.4.    Revenue (2023)

4.4.    Market Analysis by Organized Players vs. Unorganized Players
4.4.1.    Organized Players
4.4.2.    Unorganized Players

4.5.    Leading German Digital Payment Market Companies, by market capitalization
4.6.    Market Trends and Challenges in Australia
4.6.1.    Technological Advancements 
4.6.2.    Affordability and Accessibility
4.6.3.    Shortage of Skilled Professionals

4.7.    Market Structure
4.7.1.    Market Leaders 
4.7.2.    Market Followers
4.7.3.    Emerging Players in the Market 
4.7.4.    Challenges 
4.7.5.    Mergers and Acquisitions Details

5.    Company Profile: Key Players
5.1.    Mastercard Inc.
5.1.1.    Company Overview
5.1.2.    Business Portfolio
5.1.3.    Financial Overview
5.1.4.    SWOT Analysis
5.1.5.    Strategic Analysis
5.1.6.    Details on Partnership
5.1.7.    Potential Impact of Emerging Technologies  
5.1.8.    Regulatory Accreditations and Certifications Received by Them
5.1.9.    Strategies Adopted by Key Players
5.1.10.    Recent Developments

5.2.    Girocard.
5.3.    Paypal.
5.4.    Visa Inc.
5.5.    Google Pay (Google LLC)
5.6.    Klarna
5.7.    Ratepay
6.    Key Findings 
7.    Industry Recommendations
8.    Germany Digital Payment Market: Research Methodology

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