German consumers are moving to digital payment, using a digital wallet, bank transfer and shopping through credit cards. More than 70 percent of consumers have shopped through online stores than the physical store in the last six months. The ecommerce payment markets for hygiene products, groceries and pharmaceuticals have grown during this period.
The tech-savvy citizens of the country are moving from cash payment to digital wallet payment methods. Most of the German prefer payment through Digital Wallets, Open Invoice and Cards when shopping online. Increasing trust among German user with advance security measures and assurance by digital wallet, card issues and merchants is also encouraging users to move to digital payment rather than using cash for payment. Initiates of PayDirekt, Giropay, AmazonPay and Paypal such as buy now pay later, 0% finance are the other growth factors for Germany eCommerce Payment Market.
Impact of COVID-19 on Germany eCommerce Payment Market
Germany is one of the cash-economy in Europe, but the coronavirus has completely changed the shopping behaviour of German users, it acted as a catalyst for the digital payment industry, most of the citizen is using digital payment besides cash. In this report, we have covered the impact of coronavirus on every sector in Germany.
This report titled “Germany Ecommerce Payment Market and Forecast by Category (Food/groceries, Clothes & Sports Goods, Household Goods, Books/magazines/newspapers, Films and Music, Medicines, Computer Hardware, Tickets for Events, Computer Software, Travel and Holiday Accommodation, Electronic Equipments and Others), Payment Method (Bank Transfer, Card, Digital Wallets, Cash, Direct Debit, Open Invoice, and Others and Company Analysis (Paypal Holdings, AmazonPay Inc, PayDirekt and Giropay)” studies Germany eCommerce Payment Market. This research report provides a complete analysis of the market with market dynamics and their projections for the upcoming years.
On Category basis - This research report has covered the market of 12 categories
1. Food/groceries
2. Clothes and Sports Goods
3. Household Goods
4. Books/magazines/newspapers
5. Films and Music
6. Medicines
7. Computer Hardware
8. Tickets for Events
9. Computer Software
10. Travel and Holiday Accommodation
11. Electronic Equipments
12. Others
On Payment basis - In this research report we have covered 7 types of payment market
1. Bank Transfer
2. Card
3. Cash
4. Digital Wallets
5. Direct Debit
6. Open Invoice
7. Others
All the Companies have been covered from 3 Viewpoints
- Overview
- Recent Initiatives
- Sales Analysis
Companies Covered in Germany Ecommerce Payment Market Research Report
1. Paypal Holdings
2. AmazonPay Inc
3. PayDirekt
4. Giropay
Table of Contents
Companies Mentioned
- Paypal Holdings
- AmazonPay Inc
- PayDirekt
- Giropay
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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