Mobile payments don’t work in Germany, stubborn Germans, half of whom don’t like to use smart payments

Sweeping is something that is happening almost every moment in our country, whether it’s for consumption or socializing, it’s almost impossible to do without this convenient method. To be honest, even older people have started to accept electronic payments very smoothly, and even street beggars have switched to QR codes. China’s mobile payment coverage has also long covered all corners of our lives. But this advanced and efficient means of payment in Germany seems to be very difficult to promote open, for early into the industrial revolution, intelligent Germany, but very difficult to accept mobile payment, the German people really difficult to “throw away the wallet”, half of the people do not like to use intelligent payment.

Mobile payment in Germany does not work, stubborn Germans, half of them do not like to use smart payments.
If you go past the point of trying to pay with your phone you may be bouncing around, and can only use it in a very small number of dedicated stores. For example, the number of German brand stores that have signed up with Alipay is estimated to be very small. The famous Paypal faces the same dilemma as Alipay and WeChat in Germany. It is expected that mobile payment will only achieve about 56.9% coverage in Germany by 2023, which is really much less than we have.

Mobile payments don’t work in Germany, stubborn Germans, half of them don’t like smart payments
We know that the mobile payment sector is now being developed not only by Alipay or WeChat in China, but also by many other powerful companies in other countries. Not a single German company is doing such research and promotion. This is said to be the most important reason that prevents the German public from using mobile phones to make payments easily. Whether out of pride or pretension, Germans have always thought that issues involving the use of private money are very personal and must be kept safe. When and where you spend your money should not be made known to companies that do not belong to Germany, so they are stubbornly using credit cards and cash.

Mobile payments don’t work in Germany, stubborn Germans, half of them don’t like to use smart payments
But an epidemic that has ravaged the world seems like a hammer to many Germans who are beginning to wake up. The security, hygiene, contactlessness, remoteness and convenience of mobile payments are starting to make their lives easier. But it’s not just the public’s security concerns that are holding them back, it’s also their own hard conditions.

Mobile payments don’t work in Germany, and half of the stubborn Germans don’t like smart payments.
First of all, Germany’s own laws are very rigid and strict rules for technology companies and enterprises, which means that companies that can carry out mobile payments and financial services are in an embarrassing position in the legal field. In particular, the famous wirecard German financial company bankruptcy scandal, so that the German public on their own country of such companies are beginning to have doubts and wait-and-see attitude, itself known for the rigorous German people, and how easily will accept mobile payments.

Mobile payments do not work in Germany, stubborn Germans, half of them do not like to use smart payments
Secondly, there is Germany’s cell phone coverage system which is a bit crushing. The cell phone coverage in Germany can’t really be compared to ours, and there are many shops and markets without coverage. If you don’t have some coins and cards on you, it’s obvious that it’s going to be difficult to pay. In fact, it has been the habit of everyone in Germany for years to carry money and cards with them when they go out. That’s a habit that would be difficult to change overnight.

Mobile payments don’t work in Germany, and half of the stubborn Germans don’t like smart payments.
In fact, the younger generation in Germany is already using mobile money more and more, and it is only a matter of time before this trendy and convenient way of payment becomes more widespread around the world. The paperless world is actually more environmentally friendly and safer than today. It’s just not clear how long it will take for Germany to make this change.

Mobile payments don’t work in Germany, stubborn Germans, half of whom don’t like to use smart payments
How long has it been since you’ve touched cash? Do you remember the smell of cash? I have to say that the rapid growth of mobile payments has led us to a cashless life, and it’s hard to even count the money we spend? What do you think about that? Leave a comment in the comment section and don’t forget to like and follow us to share what’s new in the world every day!