Payments Landscape in Germany: Emergence of Mobile Banks Likely to Uptick Growth
Aversion to contemporary payment modes is a persisting scenario in the payments landscape of Germany. Cash transaction still occupies the lion's share in terms of preferred transaction modes in Germany payments landscape. However, active sensitization programs on digital transactions will likely steer new modes of payment in years to come. Contactless payments which is taking most of the developed economies by storm, however witnesses scarce adoption in Germany.
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