Fast, easy and electronic - this is how 50% of Germans prefer to pay when shopping online
The current study by EVO Payments takes a closer look at the attitude of Europeans towards different pay-ment methods: How do Germans actually prefer to pay? Are there differences between online and offline shopping?
(PresseBox) - When Germans shop online, they prefer to pay directly, easily and electronically. This is confirmed by almost 54% of the participants surveyed in the latest study "The Attitude of Europeans to Pay-ment Methods", which was conducted by EVO? in a total of 14 European countries. In addition, about three quarters of Germans surveyed (79%) perceive places where they spend time, such as retail, service or res-taurant establishments, as "modern, contemporary and customer-oriented" if electronic payment methods are offered.
Attitudes towards payment methods ?? scientifically analysed
The main objective of the study was to gain new insights about the awareness, use and preferences of the European population regarding different payment methods, both online and offline. A standardized psycho-logical procedure with proven reliability and validity, developed by Professor Gra?yna W?sowicz, who specia-lizes in the field of economic psychology and in particular the psychology of money, served as the basic mo-dule of the study. This is a questionnaire on the relationship with money (W?sowicz-Kiry?o, 2013), which in-cludes 33 statements that allow measurement on 9 scales.
"Unlike other studies, our results are not only based on purely statistical and scientific surveys, but also on methodologies from everyday psychology that deal with people s experience and behaviour under everyday conditions. This is an exciting aspect that sheds light on people s attitudes towards payment methods in a completely different way," says Jan Eric Bollig, Head of Marketing & Communication at EVO Payments.
The situation in Germany
The general, quite unsurprising finding: Germans see money primarily as a means of creating value, but at the same time they try to control their spending according to the simple principle of not letting their impulses lead them too far when spending money. In their opinion, money provides a sense of independence and?enables the realisation of values as well as the realisation of a comfortable life. In general, a basic sceptical attitude of Germans towards financial institutions could be identified.
More exciting facts about the payment behaviour of Germans:
/> 58 % of Germans make contactless payments with credit or debit cards at least 2-3 times a week.
/> A clear differentiator for the German market compared to other European countries: 35 % of respon-dents indicate contactless payment as their preferred payment method (vs. 63 % in other countries). The reasons for the choice are "ease of use", "convenience" and "speed/time saving".
/> Germans, on the other hand, are undecided about the use of "cash vs. cashless means of payment": Almost 50% of Germans prefer cashless payment methods - the other half prefers paying with cash. In other countries, the proportion of people who want to pay without cash is significantly higher (56%).
/> For payments up to EUR 1, almost 4 out of 5 Germans opt for cash. Slightly fewer, but still most (2/3) opt for cash when paying up to EUR 5. For higher expenses (more than 20 EUR), the preference for cash decreases. Amounts of more than EUR 100 would be paid electronically without cash by almost half of Germans ?? and only 16% want to pay with cash.
"As our new study shows, cashless payment methods are increasingly becoming the first choice of Germans. It is recognisable that fear of contact, scepticism and hurdles are being reduced more and more ?? the German market is becoming more open and is finally getting ready for contactless electronic payment solutions. This is not only a welcome development from the point of view of payment providers, but also opens the door for a new generation of modern payment processing, which is essential for merchants to keep up with interna-tional e-commerce competition and survive in the long term," says Anna Bejaoui, General Manager at EVO Payments. "Developments in other European countries allow us to foresee that further long-term growth in cashless payments can also be expected in Germany."
More information and download of the study at:
https://www.evopayments.eu/en/company/evo-news/
About EVO Payments, Inc.:
EVO Payments, Inc. (NASDAQ: EVOP) is a leading provider of payment technologies and services. EVO Pay-ments offers a range of innovative, reliable and secure payment solutions for merchants ranging from small and medium-sized businesses to multinational corporations and organizations in North America and Europe.
As a fully integrated card acquiring and payment processing provider in over 50 markets and 150 currencies worldwide, EVO Payments offers competitive solutions that drive business growth, strengthen customer lo-yalty and enhance data security in the markets it serves.
https://evopayments.com
EVO Payments International is a full-service payment specialist for Germany and Europe. EVO was founded in 1989, is headquartered in Atlanta, U.S.A., and is a Principal Member of Visa and Mastercard. Its internatio-nal presence spans North and Latin America and Europe. Cologne-based EVO Payments International GmbH is the European subsidiary of the EVO Group.
The range of services includes all cashless payment transactions in stationary retail and e-commerce - from acquiring (card acceptance), network operation and POS terminals to payment service providing and card acceptance at ATMs (automated teller machines).
https://www.evopayments.eu
Unternehmensinformation / Kurzprofil:
EVO Payments International is a full-service payment specialist for Germany and Europe. EVO was founded in 1989, is headquartered in Atlanta, U.S.A., and is a Principal Member of Visa and Mastercard. Its internatio-nal presence spans North and Latin America and Europe. Cologne-based EVO Payments International GmbH is the European subsidiary of the EVO Group.
The range of services includes all cashless payment transactions in stationary retail and e-commerce - from acquiring (card acceptance), network operation and POS terminals to payment service providing and card acceptance at ATMs (automated teller machines).
https://www.evopayments.eu
Datum: 14.06.2022 - 07:53 Uhr
Sprache: Deutsch
News-ID 661979
Anzahl Zeichen: 0
contact information:
Contact person: Jan Eric Bollig
Town:
Cologne, Germany
Phone: +49 (221) 99577 703
Kategorie:
Hazadous Materials Management
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"Fast, easy and electronic - this is how 50% of Germans prefer to pay when shopping online"
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