Payment system, Apple Pay, and now also in Germany at the Start

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According to Google, Apple also now offers a payment service using a Smartphone. But the Germans are more cautious and still prefer to use cash. Can Apple change that?

Four years after the launch of the iPhone payment service Apple Pay in the U.S. the Service is available since Tuesday, also in Germany available. The group freely switched, the function in the Morning. In the case of Apple Pay, you can pay in the Store with the iPhone or the Apple Watch, such as a credit card. To do this, the device at the cash register to the Terminal. The Treasury technology must be able to support contactless payments – approximately 820.000 Terminals in Germany has already been converted accordingly. You can also pay with Apple Pay, similar to with services such as PayPal for Online purchases. Industry experts expect the Premiere of Apple Pay in Germany, important impulses for the Pay with the Smartphone.

In the summer, Google introduced their own mobile payment system called Google Pay in Germany.

The German payment habits

Germany is due to the enduring popularity of cash as a difficult market. Only seven percent of Germans have already settled once with the Smartphone of your bills, a study by the Bundesbank showed.

However, the cash-rate in 2017, fell according to these figures, in the case of money transactions, for the first time under the 50-percent threshold: Only 47.6 percent of the payments were settled in cash.

As usual, Apple kept the Details of the new offer covered. How many retailers are on Board, is unclear. The speech was only “hundreds of thousands of sites”. It is established that the Berliner Verkehrsbetriebe (BVG), Esprit, Tchibo, C&A, Allianz Arena, as well as Apps such as the food service Foodora, mytaxi or the Online delivery fashion retailer Zalando are part of the game.

Requirements for Apple Pay

Who wants to pay at a NFC-enabled POS terminal with his iPhone or the Apple Watch, it must have stored in an App for a Debit or credit card. The widely used in Germany Girokarten (debit cards) have not been taken into account. The card should be issued by a Bank, with the help of the US group in Germany. The including American Express, Deutsche Bank, HypoVereinsbank; Comdirect, in addition, the payment provider Wirecard for its Payment App “Boon” and the Smartphone Bank, N26.

Apple Pay was launched in the USA four years ago and is now in 26 markets.

hb/iw (rtr,dpa)