Germany Mobile Payments Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Germany Mobile Payments Market is Segmented by Payment Type (Proximity Payment and Remote Payment).

Germany Mobile Payments Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Germany Mobile Payments Market Size

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Germany Mobile Payments Market Forecast
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 12.32 %
Market Concentration Low

Major Players

Germany Mobile Payments Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Germany Mobile Payments Market with other markets in Technology, Media and Telecom Industry

Automation

Digital Commerce

Electronics

Information Technology

Media and Entertainment

Security & Surveillance

Germany Mobile Payments Market Analysis

The Germany Mobile Payments Market is expected to register a CAGR of 12.32% during the forecast period.

Germany has seen a moderate but steady increase in mobile payment services. Both cash and digital channels are losing market share to mobile payment. The country's mobile payment business is expanding because of shifting consumer preferences and service advancements prioritizing innovation.

  • All industries in the country are being dominated by digitalization among mobile users, particularly financial transactions, which have spread to the banking sector. Mobile payments in Germany have not taken off as quickly as mobile banks, which have been at the forefront of innovation. When it comes to everyday buying, Germans have historically demonstrated a strong loyalty to cash. All the international players are now launching their mobile payment systems in Germany, unlike before, when only the two market leaders in mobile payments, Google Pay and Apple Pay, did so. For instance, Samsung Pay or Samsung Pass customers in Germany can open those apps from their compatible Galaxy devices and follow the prompt to update and migrate to Samsung Wallet, or they can go to the Galaxy Store to learn more.
  • Because it is more convenient for businesses and customers, the mobile payments market in the nation is expanding. Reward programs and bill splitting options are typically available with mobile payments, making the transactions more profitable for the customers. The companies can do tailored marketing, a more efficient and economical marketing technique through mobile payment applications. For example, In Germany, PayPal is extending its "Pay later" option. The company has introduced a new payment option called "Payment after 30 days." For purchases up to 1.000 euros, customers can choose the new opportunity and pay for it without incurring any further fees after 30 days.
  • In addition, to facilitate mobile payment at the gas pump directly in service stations in Germany, PayPal has partnered with PACE Telematics. Customers can now pay with their Apple Watch or Android wristwatch in addition to their cell phones, making this the first time in Europe that this is possible.
  • Germans strongly emphasize the safety and security of mobile banking and prefer the cash mode of the payment process. This poses a significant challenge for the country's market and lowers the market's growth rate. Providers have made mobile banking the most secure method of accessing the bank through various security features such as ID protection (fingerprint or voice/face recognition), high encryption, and OTP verification code.
  • The COVID-19 pandemic has impacted the country's economy, businesses, and people, but it has created an incredible opportunity for the mobile payments market in Germany. Companies and customers are increasingly favoring cashless purchases because of the threat of COVID-19 spreading. This trend which was predominant during the pandemic is increasing after the pandemic also, and the country is transforming towards more cashless payments through mobiles.

Germany Mobile Payments Industry Overview

Due to the presence of many competitors, the German mobile payments market looks to be fragmented. To attract more consumers in the area, major participants in the German Mobile Payments Market are using techniques like developing innovative, secure services, offering cash back, and forming partnerships. Fintech companies are also emerging in the country which is making Germany's Mobile Payments Market even more competitive.

  • June 2022: Throughout 18 locations, including Germany, the Klarna App offers a digital Loyalty Card space. The new Loyalty Card function has officially launched in the Klarna App, according to the top global retail bank, payments, and shopping service, Klarna. This enables app users to save and access digital versions of their physical loyalty cards. Without having to carry plastic alternatives when buying in-store, they can then accrue all points and rewards at any merchant.
  • May 2022: The German consulting firm FINCON Unternehmensberatung GmbH, a leader in digital transformation projects for the banking and insurance industries, has announced that REPLY a global leader in the sector has entered an agreement to purchase 100% of the business. The basic systems and processes used by the financial services sector, such as mobile banking, payments, core banking, internal control systems and regulatory compliance, BIPRO, and insurance systems, are the focus of Hamburg-based pure consulting firm FINCON.
  • June 2022: Germany has opened a new antitrust investigation into Apple's "App Tracking Transparency" privacy framework. The European Commission is currently looking at Apple Pay and its music streaming service as part of additional antitrust investigations.

Germany Mobile Payments Market Leaders

  1. Google LLC

  2. Amazon.com, Inc

  3. Samsung Pay

  4. Apple Pay

  5. PayPal Holdings, Inc.

  6. *Disclaimer: Major Players sorted in no particular order
Google LLC, Amazon.com, Inc, Samsung Pay, Apple Pay, PayPal Holdings, Inc.
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Germany Mobile Payments Market News

  • June 2022: Kaufland, a German store, has stated that there are 50 sites nationwide where K-Scan, a scan-and-go shopping option, is currently available. By enabling customers to scan their own purchases and streamlining the checkout process, the service is intended to speed up and improve the customer shopping experience.
  • Aug 21: Paysafe, a specialized payments platform, was acquired via fintech, a German company that provides the largest bank-independent payments system in the DACH region (Austria, Germany, and Switzerland). Paysafe will be able to expand its business in Germany and capitalize on the country's and the world's move away from the legacy banking system as more challenger banks enter the market and customers choose mobile-based banking and payment options.

Germany Mobile Payments Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definitions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHT

  • 4.1 Market Overview
  • 4.2 Market Sizing and Estimates of Germany Mobile Payments Market
  • 4.3 Industry Attractiveness-Porter's Five Force Analysis
    • 4.3.1 Bargaining Power of Suppliers
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Threat of New Entrants
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry
  • 4.4 Assessment of COVID-19 Impact on the market

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 The growing digitalisation level in the country
    • 5.1.2 The changes in customer behavior especially in the younger population to go cashless and the growth of E-Commerce in the country
  • 5.2 Market Challenges
    • 5.2.1 Privacy and security concerns of payments through Mobile
  • 5.3 Market Opportunities
    • 5.3.1 Mobile Payments are getting more accepted and convenient way of payments
  • 5.4 Key Regulations and Standards in the Mobile Payments Industry
  • 5.5 Analysis of Business Models in the Industry
  • 5.6 Analysis of the Increasing Market Penetration of Mobile Wallets in Germany
  • 5.7 Analysis on Enabling Technologies (Coverage to include NFC, QR, etc.)
  • 5.8 Commentary on the growth of Mobile Commerce and its influence on the Market

6. MARKET SEGMENTATION

  • 6.1 By Type (Market share in percentage based on relative adoption)
    • 6.1.1 Proximity
    • 6.1.2 Remote

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles
    • 7.1.1 Google pay (Google LLC (Alphabet Inc.))
    • 7.1.2 Samsung pay (Samsung Group)
    • 7.1.3 Amazon Pay (Amazon.com Inc.)
    • 7.1.4 Apple Pay (Apple Inc.)
    • 7.1.5 Paypal Inc.
    • 7.1.6 Mastercard PLC
    • 7.1.7 Visa Inc.
    • 7.1.8 American Express Co.
    • 7.1.9 Skrill
    • 7.1.10 Alipay.com Co. Ltd (Ant Financial)
  • *List Not Exhaustive

8. Investment Analysis

9. FUTURE OUTLOOK OF THE MARKET

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Germany Mobile Payments Industry Segmentation

Any electronic payment that uses mobile phones or tablets to initiate, authorize, and confirm an exchange of money in exchange for goods and services is called mobile payment. With the aid of mobile applications, mobile payment technologies can also be used to send or receive money.

Germany Mobile Payments Market is Segmented by Payment Type (Proximity Payment and Remote Payment).

By Type (Market share in percentage based on relative adoption) Proximity
Remote
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Germany Mobile Payments Market Research FAQs

What is the current Germany Mobile Payments Market size?

The Germany Mobile Payments Market is projected to register a CAGR of 12.32% during the forecast period (2025-2030)

Who are the key players in Germany Mobile Payments Market?

Google LLC, Amazon.com, Inc, Samsung Pay, Apple Pay and PayPal Holdings, Inc. are the major companies operating in the Germany Mobile Payments Market.

What years does this Germany Mobile Payments Market cover?

The report covers the Germany Mobile Payments Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Germany Mobile Payments Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Germany Mobile Payments Industry Report

Statistics for the 2025 Germany Mobile Payments market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Germany Mobile Payments analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.