According to a survey, cash is by far the most popular means of payment in Germany and Austria. In the current year, the use of notes and coins has increased slightly after three years of steady decline, the consulting firm BearingPoint reported on Tuesday the results of a YouGov survey. According to this, 69 percent of those surveyed in Germany and 77 percent in Austria often pay in cash.
However, other payment methods - for example online via Paypal or with the smartphone via Apple Pay - are gaining in popularity, as other surveys confirm. In addition, contactless payment with a bank card at the supermarket checkout received a boost during the corona pandemic.
BearingPoint on banking