Sunday, February 21, 2016

Finance: Mobile payment is in Germany sluggish – ABC Online

Saturday , 02.20.2016, 14:03
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cash limitation, elimination of 500 -euro-note – the debate is in full swing. Technical alternatives to bill and coin there long. Many consumers but do not use

Germany discussed a limit on cash payments -. But alternatives such as mobile payment via smartphone or computer clock are in most German citizens still unpopular .

Only one in three (30 percent) paid in this way already without cash as a representative survey of the accounting firm PwC revealed.

after all, tends slightly upward in contactless payments via NFC -Nahfunk. In the previous survey before half a year only 25 percent of respondents had indicated that they have already accept contactless payments – about the flight or train ticket or the hotel bill. Contactless means that the customer does not have to push it into a device his debit or credit card, but it lasts only a special reader. For low value to enter the Personal Identification Number (PIN) is not even necessary.

If you pay at the store checkout via smartphone, often comes the NFC technology is used. Some providers use but also on the scanning of barcodes on the mobile phone screen.

Proponents raving, the new techniques accelerated shopping, money movements are traceable directly on the phone. One-third (36 percent) of respondents who have never paid mobile, want this payment method to use in the future.

However, the majority of Germans brakes especially the fear of theft of sensitive data. nearly nine out of ten Germans (85 percent) see general according to the survey, the risk that could be in mobile payment systems hacked and misused data.

In a part of the population banks, savings banks and credit card companies to bite with their technical innovations entirely on granite: One in four (24 percent) says he’ll pay principle rather with cash and will continue to do so. However, at least 30 percent of Germans expect that there will be no more bill and coin in ten years and is therefore paid only by EC, Kreditarten- or mobile via smartphone.

 

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