All respondents think that the proportion of women in managerial positions is low What is extended reality With search intent analyzes for more effective keyword searches What is the difference between CRM software and marketing automation software follow us In Germany the motto only cash is true has long applied. However the COVID- crisis has changed that. The World Health Organization WHO recommends avoiding cash whenever possible. In Germany opt for cashless payment to minimize the risk of infection. Pay cashless in Germany Many stores that previously only allowed cash payments are now even encouraging payment by card . Other shops no longer accept coins and bills at all.

On April the German banking industry doubled the limit for card payments without entering a PIN to EUR per use in order to support contactless payment as a hygienic payment method in the current situation. In addition to card payments smartphone payments via virtual wallets are also increasing during the crisis. A new Capterra study with over participants examines the extent to which payment preferences Specific Database in physical stores have changed as a result of the crisis. Highlights of the study of Germans have installed a mobile payment app. Regular payments via mobile wallet increased by percentage points during the crisis. Cash is still the most popular means of payment in Germany.

Would rather shop at stores that offer cashless payments than at competitors that dont. More than half of Germans have installed a virtual wallet A virtual wallet or mobile wallet app is an app that is installed on a smartphone or smartwatch. It stores payment card information and can be used for contactless payments. This is not a mobile banking app that can be used to make transfers but an app for paying in stores. The most popular apps are Apple Pay for Apple users and Google Pay for Android users. However banks such as the Volks- und Raiffeisenbank Sparkasse and Postbank also offer apps for mobile payments. To do this customers and retailers need an NFC-enabled device that is held close to the terminal.