IDEAS home Printed from https://ideas.repec.org/a/aza/jpss00/y2023v17i3p323-349.html
   My bibliography  Save this article

The payments industry in Germany: Status and further developments or a triangle of scale, complexity and low fees

Author

Listed:
  • Bartelt, Niklas

    (EBS University of Business & Law, Germany)

  • Wittig, Ronny

    (Bain & Company, Germany)

Abstract

The German payments market is sizeable, handling almost one-quarter of the non-cash transactions conducted in the euro area, and benefiting from structurally lower cost levels. At the same time, it is characterised by a highly complex and intense competitive set. These two factors seem to result in low fee levels. The COVID-19 pandemic has accelerated structural change (and digital payments adoption) in a market with distinctive institutions and consumer preferences. This paper reviews both the key players shaping the overall payments market, as well as the characteristics of key payment solutions and situations. In doing so, the paper identifies and explains the idiosyncrasies of the German market, linking back to the aforementioned factors shaping the German payments market.

Suggested Citation

  • Bartelt, Niklas & Wittig, Ronny, 2023. "The payments industry in Germany: Status and further developments or a triangle of scale, complexity and low fees," Journal of Payments Strategy & Systems, Henry Stewart Publications, vol. 17(3), pages 323-349, September.
    • Handle: RePEc:aza:jpss00:y:2023:v:17:i:3:p:323-349
    as

    Download full text from publisher

    File URL: https://hstalks.com/article/8069/download/
    Download Restriction: Requires a paid subscription for full access.
    File URL: https://hstalks.com/article/8069/
    Download Restriction: Requires a paid subscription for full access.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    payments; Germany; banks; point of sale; cash; card payments; online payments; banking sector;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aza:jpss00:y:2023:v:17:i:3:p:323-349. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Henry Stewart Talks (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.