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Payment methods in Germany

Europe
20methods
45banks

Germany is Europe's second largest e-commerce market. It is worth a massive US$145 billion a year - and that will rise to US$197 billion by 2027.

Market takeaways

  • Germany is Europe's second largest e-commerce market. It is worth a massive US$145 billion a year - and that will rise to US$197 billion by 2027.
  • The average German consumer spends US$1,806 online every year. By 2027, that will rise to US$2,442.
  • Germany is a fragmented country when it comes to payment methods, some of the most popular being Girocard, PayPal, and Sepa Direct Debit.
  • In the last three years, the percentage of online shoppers who bought things from merchants outside of Germany rose from 37% to 43%.
  • Germans make 42% of all their online purchases using mobile devices. To ensure the best possible conversion rate, your payment options must be optimized for mobile.

Population

83.6M

Online population

80.3M

B2C e-commerce

$134B

Banked population

99.9%

Credit card population

56%

E-commerce of total retail

16%

Payment method breakdown

  • Card17%
  • Cash4%
  • Bank Transfer30%
  • E-Wallet33%
  • Other16%

Card scheme breakdown

  • Visa15%
  • Mastercard12%
  • American Express2%
  • Local Schemes (Girocard)72%
  • Other0%

Cross-border e-commerce

Cross-border shoppers

43%

Share of e-commerce

20%

Cross-border value (est.)

$26.8B

Featured payment methods in Germany

All payment methods available in this market, sorted by prominence.

Paysafecard

Paysafecard

Paysafecard is a prepaid voucher payment method allowing consumers to pay online without a bank account or card. Vouchers are purchased at retail points of sale and redeemed with a 16-digit PIN at checkout. Switzerland is a supported Paysafecard consumer country and usage is concentrated in gaming, digital goods, and entertainment sectors.

Maestro

Maestro

Maestro is Mastercard's international debit scheme; new issuance ended July 2023 and remaining cards are being replaced by Debit Mastercard, with only limited e-commerce support. Operator: Mastercard. Est. users: historically hundreds of millions (cards expire by 2027).

FLOA Pay

FLOA Pay

French BNP Paribas-owned buy-now-pay-later service offering instalment and deferred payments across Europe. Operator: FLOA SA (BNP Paribas). Est. users: 4M+ customers (2024).

Skrill

Skrill

Skrill is a global digital wallet widely used for online payments, money transfers, iGaming and forex, accepted at e-commerce checkouts in 100+ countries. Operator: Paysafe Limited. Est. users: tens of millions of accounts (2024).

PayPal Pay Later

PayPal Pay Later

PayPal Pay Later (including PayPal Credit) is PayPal buy-now-pay-later, letting shoppers split into installments or defer payment at checkout wherever PayPal is accepted. Operator: PayPal. Est. users: tens of millions (2024).

Neteller

Neteller

Neteller is a global digital wallet for online payments and money transfers, popular in iGaming and forex, run alongside Skrill. Operator: Paysafe Limited. Est. users: millions of accounts (2024).

Trustly

Trustly

Swedish open-banking "Pay by Bank" method letting shoppers pay online directly from their bank account. Operator: Trustly Group AB. Est. users: 112M+ consumers have used it (2024); ~$100B TPV 2024.

N26

N26

German mobile-first bank whose account and card are used across Europe for online and in-store payments. Operator: N26 Bank AG. Est. users: 4.8M revenue-relevant customers (2024); ~8M+ total.

Sofort (Klarna)

Sofort (Klarna)

German bank-redirect "Sofortüberweisung" method, now part of Klarna, letting shoppers pay by instant bank transfer. Operator: Klarna Bank AB (Sofort GmbH). Est. users: Tens of millions of users in DACH region (est.).

Scalapay

Scalapay

Italian buy-now-pay-later provider offering interest-free instalments at online and in-store checkouts. Operator: Scalapay S.r.l. / Incremento SPV. Est. users: 4M active customers (2024).

Bluecode

Bluecode

Austrian/German app-based blue-barcode payment method linked to the user's bank account, used in shops and online. Operator: Bluecode International AG. Est. users: Tens of thousands of stores; 20,000+ locations; est. 100,000+ users.

Wero

Wero

Pan-European bank-backed digital wallet built on SEPA instant payments, replacing schemes like Paylib and iDEAL. Operator: European Payments Initiative (EPI Company). Est. users: 14M+ users (early 2025).

Giropay

Giropay

German bank-redirect online payment method, shut down at the end of 2024 amid the shift to EPI/Wero. Operator: Paydirekt/Giropay GmbH (German banks). Est. users: Was ~30M-reachable accounts; now defunct.

Klarna

Klarna

Swedish buy-now-pay-later and pay-now checkout option offering interest-free instalments and deferred payment online. Operator: Klarna Bank AB. Est. users: 93M consumers (2024).

BNPL (Klarna / others)

BNPL (Klarna / others)

Buy Now Pay Later is the fastest-growing payment segment at 8.59% CAGR to 2030, particularly among younger and expatriate shoppers. Helping merchants improve conversion by offering flexible payment terms.

BNPL (Inbank, Citadele / others)

BNPL (Inbank, Citadele / others)

Buy Now Pay Later is growing in Latvia at 5.03% CAGR to 2031. Inbank (Estonian-origin) and local banks offer installment credit solutions integrated into e-commerce checkouts.

Open Invoice

Open Invoice

A payment method uniquely popular in Germany where customers receive their goods first and pay the invoice afterward. Deeply embedded in German consumer culture, especially in the online fashion sector. Offered by merchants directly or via providers like Klarna and Afterpay.

BNPL (Klarna / local providers)

BNPL (Klarna / local providers)

Buy Now Pay Later expanding rapidly in Romanian e-commerce, offering installment payment options and boosting conversion rates. Growing alongside increasing consumer comfort with credit-based digital products.

Klarna Open Banking

Klarna Open Banking

A widely used bank transfer method in Germany formerly branded as SOFORT, now operated by Klarna. Customers log into their bank via a secure interface and confirm the transfer directly. Merchant receives instant confirmation.

BNPL (Buy Now, Pay Later)

BNPL (Buy Now, Pay Later)

Installment and deferred payment services — led by Klarna — that allow consumers to pay for purchases in instalments or at a later date. Has seen explosive growth across Germany over the past five years.

Featured banks in Germany

All banks operating in this market, sorted by prominence.

HSBC Holdings

HSBC Holdings

London, United Kingdom

HSBC is one of the world's largest banks by assets, headquartered in London with a dominant presence in Asia. It offers retail, commercial, and investment banking in over 60 countries.

Industrial and Commercial Bank of China (ICBC)

Industrial and Commercial Bank of China (ICBC)

Beijing, China

ICBC is the world's largest bank by total assets and the largest of China's 'Big Four' state-owned banks. It offers retail, corporate, and investment banking globally.

JPMorgan Chase

JPMorgan Chase

New York, United States

JPMorgan Chase is the largest US bank and one of the world's largest financial institutions, offering consumer banking, investment banking, commercial banking, and asset management globally.

UBS Group

UBS Group

Zurich, Switzerland

UBS Group is Switzerland's largest bank and one of the world's premier wealth managers. Following its acquisition of Credit Suisse in 2023, UBS now manages over $5 trillion in invested assets globally.

MUFG (Mitsubishi UFJ Financial Group)

MUFG (Mitsubishi UFJ Financial Group)

Tokyo, Japan

MUFG is Japan's largest bank and one of the world's largest financial groups, offering retail, corporate, investment, and trust banking globally.

Bank of China (BOC)

Bank of China (BOC)

Beijing, China

Bank of China is China's most internationally active bank, specialising in foreign exchange and cross-border trade finance. It is one of the Big Four state-owned banks.

Bank of America

Bank of America

Charlotte, United States

Bank of America is the second-largest US bank by assets, providing consumer banking, wealth management (Merrill Lynch), and global banking and markets services worldwide.

Banco Santander

Banco Santander

Santander, Spain

Banco Santander is Spain's largest bank and one of the world's top 10 financial institutions by market cap. It serves 160 million customers in Europe, North America, and Latin America.

ING Group

ING Group

Amsterdam, Netherlands

ING Group is the Netherlands' largest bank and a leading European financial institution. It operates a digital-first universal banking model across Europe and globally.

BNP Paribas

BNP Paribas

Paris, France

BNP Paribas is France's largest bank and a global top-10 financial institution, providing retail, corporate, and investment banking, insurance, and asset management across 65 countries.

Morgan Stanley

Morgan Stanley

New York, United States

Morgan Stanley is a global investment bank and wealth management firm, providing institutional securities, investment management, and wealth management services worldwide.

Goldman Sachs

Goldman Sachs

New York, United States

Goldman Sachs is a leading global investment bank, providing investment banking, securities, asset management, and consumer banking (Marcus). It is a premier advisory firm for corporations and governments.

Intesa Sanpaolo

Intesa Sanpaolo

Turin, Italy

Intesa Sanpaolo is Italy's largest bank and one of the Eurozone's leading financial institutions, providing retail, corporate, and investment banking in Italy and across Eastern Europe, the Middle East, and Africa.

UniCredit

UniCredit

Milan, Italy

UniCredit is a pan-European commercial bank headquartered in Milan with a strong presence in Italy, Germany, Austria, and Central & Eastern Europe, serving 15 million clients.

Banco do Brasil

Banco do Brasil

Brasília, Brazil

Banco do Brasil is Brazil's largest state-owned bank and one of the largest in the country overall, with a focus on agribusiness, retail, and government banking.

Barclays

Barclays

London, United Kingdom

Barclays is a British multinational investment bank and financial services company, operating retail banking in the UK and Ireland, and investment banking globally through Barclays Bank.

SEB (Skandinaviska Enskilda Banken)

SEB (Skandinaviska Enskilda Banken)

Stockholm, Sweden

SEB is a Swedish corporate and investment bank with a strong retail franchise in Sweden and the Baltics.

PKO Bank Polski

PKO Bank Polski

Warsaw, Poland

PKO Bank Polski is Poland's largest bank by assets and customer count, state-controlled, offering universal retail, corporate, and investment banking.

Handelsbanken

Handelsbanken

Stockholm, Sweden

Handelsbanken is a Swedish universal bank known for its decentralised branch model, operating across the Nordic countries and UK.

Bank Hapoalim Israel

Bank Hapoalim Israel

Tel Aviv, Israel

Bank Hapoalim is Israel's largest bank by assets and deposits, offering retail, SME, corporate, and investment banking.

Deutsche Bank

Deutsche Bank

Frankfurt, Germany

Deutsche Bank is Germany's largest bank and a leading global investment bank, offering corporate finance, capital markets, transaction banking, and wealth management.

ABN AMRO

ABN AMRO

Amsterdam, Netherlands

ABN AMRO is the Netherlands' third-largest bank, focusing on retail, private, and corporate banking primarily in the Netherlands and Northwest Europe.

Crédit Mutuel

Crédit Mutuel

Strasbourg, France

Crédit Mutuel is one of France's largest cooperative banking groups, offering retail, business, and insurance products. It is the second-largest French cooperative bank with 36 million clients.

VietinBank

VietinBank

Hanoi, Vietnam

VietinBank (Vietnam Joint Stock Commercial Bank for Industry and Trade) is Vietnam's second-largest state-owned bank by assets.

Commerzbank

Commerzbank

Frankfurt, Germany

Commerzbank is Germany's second-largest listed bank, serving 10 million private customers and 60,000 corporate clients with retail, SME, and corporate banking.

DZ Bank

DZ Bank

Frankfurt, Germany

DZ Bank is the central institution of the German cooperative banking network, comprising over 700 Volksbanken and Raiffeisenbanken. It acts as the clearing and liquidity centre for cooperative banks.

Arab Bank Jordan

Arab Bank Jordan

Amman, Jordan

Arab Bank is Jordan's largest bank and one of the oldest private sector banks in the Arab world, with operations in 30+ countries.

HypoVereinsbank (UniCredit Germany)

HypoVereinsbank (UniCredit Germany)

Munich, Germany

HypoVereinsbank (HVB) is the German subsidiary of UniCredit Group, offering retail, private, and corporate banking as well as capital market services in Germany.

Julius Baer

Julius Baer

Zurich, Switzerland

Julius Baer is one of Switzerland's leading pure private banking and wealth management groups, managing assets for high-net-worth individuals globally.

Mediobanca

Mediobanca

Milan, Italy

Mediobanca is Italy's leading investment bank and a significant financial services group, providing corporate finance, private banking, and consumer credit.

Bunq

Bunq

Amsterdam, Netherlands

Bunq is a Dutch neobank founded in 2012, operating across Europe as one of the continent's fastest-growing challenger banks, known for its eco-friendly and multi-currency features.

BAWAG Group

BAWAG Group

Vienna, Austria

BAWAG Group is an Austrian retail and commercial bank, operating under the BAWAG P.S.K., easybank, and other brands. It focuses on Austrian retail and SME customers.

Pictet Group

Pictet Group

Geneva, Switzerland

Pictet is a Swiss independent private bank founded in Geneva, operating as a partnership. It specialises in wealth and asset management with a global presence.

KfW

KfW

Frankfurt, Germany

KfW (Kreditanstalt für Wiederaufbau) is Germany's state-owned development bank, providing financing for SMEs, housing, infrastructure, and international development projects.

Banca Mediolanum

Banca Mediolanum

Milan, Italy

Banca Mediolanum is Italy's leading bancassurance group, offering integrated banking, insurance, and investment products primarily through a network of financial advisors.

LBBW (Landesbank Baden-Württemberg)

LBBW (Landesbank Baden-Württemberg)

Stuttgart, Germany

LBBW is the largest German Landesbank, serving as the central bank for savings banks in Baden-Württemberg and offering corporate, real estate, and capital market banking.

BayernLB

BayernLB

Munich, Germany

BayernLB is Bavaria's state-owned Landesbank, providing corporate, real estate, and infrastructure financing primarily in Germany and Central Eastern Europe.

Triodos Bank

Triodos Bank

Zeist, Netherlands

Triodos Bank is a Dutch ethical bank that exclusively finances sustainable and social enterprises. It operates in the Netherlands, Belgium, UK, Germany, Spain, and France.

DekaBank

DekaBank

Frankfurt, Germany

DekaBank is the asset and capital market arm of the German Savings Banks Finance Group (Sparkassen-Finanzgruppe), managing investment funds and providing capital markets services.

LGT Group

LGT Group

Vaduz, Liechtenstein

LGT is a private banking and asset management group owned by the Princely House of Liechtenstein, managing assets for ultra-high-net-worth individuals globally.

Helaba (Landesbank Hessen-Thüringen)

Helaba (Landesbank Hessen-Thüringen)

Frankfurt, Germany

Helaba is the Landesbank of Hesse and Thuringia, focusing on real estate, infrastructure, and corporate banking, and acting as central bank for savings banks in its region.

NIBC Bank

NIBC Bank

The Hague, Netherlands

NIBC is a Dutch specialist bank focusing on corporate banking for mid-market companies and consumer lending. It is known for its niche expertise in mortgages, energy, and shipping finance.

NordLB

NordLB

Hanover, Germany

NordLB is the Landesbank of Lower Saxony, Saxony-Anhalt and Mecklenburg-Vorpommern, specialising in shipping, aircraft, and energy finance alongside regional corporate banking.

Oberbank

Oberbank

Linz, Austria

Oberbank is a regional Austrian bank based in Linz, part of the 3 Banken Gruppe. It offers retail and corporate banking with a focus on SMEs in Upper Austria.

Other Banks — Germany

Other Banks — Germany

Frankfurt, Germany

Aggregate of all remaining banks in Germany not individually listed, collectively representing ~57.0% of domestic banking assets.

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