German Banking Industry Committee (GBIC) is the umbrella organisation of the German banks regarding payment services.
Domestic Card Brand
girocard debit cards; mostly co-badged Maestro, V PAY, Cirrus, Plus or (few) JCB. Electronic purse GeldKarte, the last one in Europe.
Decentralized infrastructure composed of more than 30 issuers, 16 active acquirers, eight card processors, 19 German specific POS network processors and four ATM networks.
girocard debit acceptance is separate from credit card acquiring.
German girocard debit cards compete with card-initiated ELV direct debits used by many retailers and at petrol stations.
Use of credit cards and delayed debit cards in Germany is low compared with debit cards.
In June 2014, six German banking associations built a new joint venture for online direct debit payments, paydirekt.
Digital-only challenger banks include N26, Fidor Bank, SolarisBank, and O2 Banking of mobile operator Telefónica.
Notable Market Trends
Roll-out of contactless girocard cards, MPOS terminals;
Debit Mastercard cards; paydirekt; Payback Pay; mobile apps;
Omni-channel, Open Banking, Open API, immediate payments.
Statistical Key Figures for 2016 provided in this profile:
• UPDATED: tables with card business data 2012-2016; growth rates: Y-o-Y, CAGR
• Population, Cards per Capita, Card Value per Capita
• Debit Cards, Credit/Delayed Debit Cards, Total Cards
• Card payments by number and by value, ATV per card, payments per card/year
• ATMs, POS terminals, ATMs/POS terminals per 1 million capita
• ATM withdrawals by number/by value, ATV per withdrawal, TXs per ATM/month
• POS payments by number/by value, ATV per POS payment, TXs per POS/month
• Internet Use, e-payment mix, B2C e-Commerce by value and growth rate
• Issued Card brands by individual major issuer bank
• Accepted card brands by individual major acquirer
• Drill down into the debit card use and credit cards use details
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1.0.0 last updated 2nd December 2017