German shoppers open to biometric payments
According to a recent Mastercard survey 43% of German consumers are open to paying with biometric identification at in-store checkouts, an increase of 9% compared to the previous year.
Currently one in three Germans (35%) use biometric identification for payment most often with fingerprints (70%), but facial recognition (44%), voice recognition (10%) and iris recognition (8%) are also popular.
The technology could mainly appear in unmanned, automated shops where for example facial recognition makes the shopping process is almost imperceptible. Such solutions are particularly popular among 18-39 year olds, 57% of whom would like to try them. The first pilots are already underway, where customers identify themselves by, for example, iris scanning.
Mastercard stresses that biometric payment systems are not only more convenient but also more secure.
Mobile payments are also gaining momentum: last year, 36% of Germans used a smartphone or smartwatch at least once to make a payment. This method of payment is particularly popular among young people, with 64% paying regularly by phone or a wearable.
Digital payment solutions are gaining general acceptance and contactless payments are now standard, used regularly by 69% of respondents, most often with a debit card, but increasingly also with smartphones and smartwatches. According to the research, 40% of respondents have decided to leave a shop without making a purchase or not to go in at all because they could have only used cash to pay.
Lebensmittelpraxis
Related news
Demand has fallen: Penny discontinues online home delivery in Germany
Penny has announced that it will discontinue its online grocery…
Read more >AI-powered skin analysis now available at German dm stores thanks to Dermanostic
A new digital service has arrived at select dm drugstores…
Read more >Industrial producer prices in Germany fell in July
In Germany, industrial producer prices fell more sharply than analysts…
Read more >Related news
GVH: margin reduction reduced prices, OKSZ disputes the effect
According to the Hungarian Competition Authority (GVH), the margin cap…
Read more >OKSZ has spoken out regarding the extension of the margin freeze
Viktor Orbán announced the extension of the margin freeze. The…
Read more >The government has extended the margin freeze
Viktor Orbán announced in the Facebook group Harcosok Klubja that…
Read more >