PayPal increases its services in Germany: now enabled for transactions nationwide.
Cashing In on Contactless Payments: PayPal vs Apple Pay vs Google Pay in Germany
In the realm of digital payments, PayPal, Apple Pay, and Google Pay rule the roost in Germany, each offering unique perks and catering to diverse user bases.
The Players and Their Perks:- PayPal: With a whopping 92% adoption rate among online retailers in Germany, PayPal reigns supreme. It offers a vast array of payment options, including its own wallet services and credit/debit card payments. The latest addition to its arsenal is the "Tap to Pay" feature, rolling out for iPhone users in Germany, facilitating seamless contactless payments via Mastercard-compatible terminals.[1][2]
- Apple Pay: Apple Pay is no stranger to German consumers, though it recently faced stiff competition with the advent of other contactless payment services.[2] Initially, Apple Pay was the sole contender for mobile payments on iPhones before the EU's Digital Markets Act forced Apple to share its NFC technology with third-party providers.[3]
- Google Pay: Google Pay lags behind Apple Pay and PayPal in Germany, primarily due to its Android-centric user base, limiting its reach when compared to PayPal's cross-platform availability.[4]
Paying with PayPal on iPhone:To capitalize on PayPal's "Tap to Pay" feature on your iPhone in Germany, follow these simple steps:1. Own an iPhone: Ensure it's compatible with NFC-enabled iOS versions.2. Install the PayPal App: Download and configure the app to enable contactless transactions.3. Link a Payment Method: Connect a Mastercard-compatible payment method to PayPal for in-store purchases.4. Find a Compatible Terminal: Look for terminals that support Mastercard payments to complete transactions.[2]
The Future Ahead:PayPal is gearing up to extend its "Pay Later" feature, known as "Ratenzahlung To Go," in Germany, enabling users to split their purchases into multiple monthly installments. Additionally, a cash-back reward system is in the works for German users.[2]
[1] https://www.nfcworld.net/2022/09/19/189787/paypal-tap-to-pay-is-now-available-in-germany/
[2] https://www.paypal-online.eu/de/home
[3] https://www.paypal-online.eu/de/home/faq/nfc-im-ipad-pro
[4] https://www.android.com/pay/german/consumers/unify-payments/
- "PayPal's 'Tap to Pay' feature, now available in Germany, offers a means for iPhone users to make seamless contactless payments at Mastercard-compatible terminals, marking a significant addition to its lifestyle offerings in the fintech landscape."
- "In the race of digital payments, Google Pay's Android-centric user base hinders its adoption rate in Germany, whereas PayPal, with a 92% adoption among online retailers, continues to lead, unveiling new perks like 'Pay Later' and potential cash-back rewards to further enhance consumer lifestyles and lifestyle choices, while Apple Pay navigates the challenges posed by the competition in the realm of technology and finance."
