The Mobile Payments Series: Germany

This week, we're diving into the mobile payments landscape and seeing what adoption looks like across various countries like the US, India and the UK. Yesterday, we looked at adoption in China. Next up: Germany.

The cash culture in Germany is holding back mobile payment adoption in the country.

Many people are comfortable paying with cash and don’t see any significant benefits to changing their habits, especially older generations.

This year, we expect 5.8 million people in the country will use proximity mobile payments, making up 8.0% of the population. To put that in perspective, 73.9 million people in India will use proximity mobile payments this year, and 525.1 million people in China will, as well.

Overall, Germany's penetration is ranked last in Western Europe out of the countries we forecast.

That said, the big tech players—like Apple, Google and Samsung—will play an integral role in growth.

"Google Pay, which launched in June 2018, is the first of the big three international players to enter Germany," said Chris Bendtsen, senior forecasting analyst at eMarketer. "And since Android dominates the smartphone market, Google Pay should see success in getting people to at least try the service."

"Apple Pay is expected to launch in Germany in the near future to compete with Google Pay," he added.