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German Banking Industry Committee (GBIC) is the umbrella organisation of the German banks regarding payment services.
Domestic Card Brand
girocard debit cards with e-purse function GeldKarte; most girocards are co-badged Maestro, V PAY, Cirrus, Plus or (few) JCB.
- Decentralized infrastructure composed of more than 30 issuers, 16 active acquirers, eight card processors, 19 German specific POS network processors (“Netzbetreiber”) and four ATM networks.
- Since 2007, POS use is higher than ATM use. Use of credit cards and delayed debit cards remains low compared with debit cards.
- German girocard debit cards compete with card-initiated ELV direct debits used by retailers and at petrol stations.
- girocard debit acquiring is separate from credit card acquiring.
- In June 2014, six German banking associations built a new joint venture for internet payments and mobile payments, paydirekt.
- A consolidation phase for mobile payment initiatives has started.
- Digital-only challenger banks include N26, Fidor Bank, SolarisBank, and mobile network operator Telefónica.
Notable Market Trends
- Roll-out of contactless cards and POS terminals; MPOS terminals;
- Debit MasterCard; MasterPass; paydirekt; PaybackPay; girocard contactless
Updated Information About:Major Issuers, Major Acquirers, Major Processors and Consumer Finance indicator.
Statistical Key Figures for 2015 provided in this profile:
- UPDATED: tables with card business data 2011-2015; 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