Contactless payments have risen in the DACH region during lockdown, Concardis says

Thursday 14 May 2020 13:30 CET | News

Payments service provider Concardis has evaluated the cashless transaction data of its merchant customers in Germany, Austria and Switzerland amid the COVID-19 pandemic.



According to the research, the proportion of contactless payments in the DACH region has risen by around 7% to 91% following the lockdown. It is remarkable that contactless transactions have increased by more than half, while the number of non-contactless payments has fallen by around 20%. In food retailing, around 70% of credit card payments were contactless prior to the lockdown. In the six weeks following the lockdown, the average proportion was just under 75%. 

According to the Concardis figures the number of contactless payments with credit cards at DIY stores has increased by more than 80%, with their share of turnover doubling. Accordingly, the proportion of contactless transactions has risen from 61% before the store closures to around 70% afterwards.

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Keywords: ConCardis, payments service provider, DACH region, Germany, Austria, Switzerland, contactless payments, study, research, DACH region
Categories: Payments & Commerce
Countries: Austria, Germany, Switzerland
This article is part of category

Payments & Commerce