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Germany
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Top e-commerce industries
24.1%
Electronics
21.5%
Hobby & Leisure
23.9%
Fashion
Furniture & Homeware
Care Products
DIY
Grocery
Berlin
Capital
84.1M
Population
+1
Time Zone (GMT)
EUR (€) Euro
Currency
USD 396.2B
Transactions
value in 2028
6.9%
CAGR
of Digital Payments
during 2025-2028
during 2025-2028
Popularity of e-commerce payment methods
Extend your reach

Open banking in Germany is transforming the way consumers and businesses conduct transactions, enabling secure and efficient bank transfers through innovative technology. By allowing users to authorize third-party providers to access their bank account information, open banking facilitates seamless payments directly from bank accounts. As of 2024, the adoption of open banking is rapidly increasing, with projections indicating that the market could exceed $130 billion by 2030 and user numbers surpassing 100 million.
Method
Pay by Bank (DE)
Pay by Bank (DE)
LPM Market Share
n/a
Payments
Yes
Refunds
Yes - full refunds only
Type
Bank Transfer
Local Card Scheme
Users
8M
Disbursements
No
No
Chargebacks
$25.00
Authorization currency
EUR
Authorization
speed
speed
Instant
Recurring
No
No