Coins and banknotes are now also on the retreat in Germany. By purchasing fund units, risk-aware investors can benefit from the upward trend in new payment solutions.

Cologne Most Germans still use cash for their daily payments, which is causing a shake of the head, especially in northern Europe. But even in Germany, coins and notes are now on the retreat, and not just for fear that viruses could cling to money in times of a pandemic.

According to a survey of merchant customers by the payment service provider Payone, if the trend continues, contactless card payment will be the preferred payment method in five years.

“Even bakeries now accept small amounts via Apple Pay or Google Pay,” confirms Moritz Mann, founder and managing director of Protofy. His agency offers web and app development that shows companies the way into the no-cash world. In many other countries, paying by card or smartphone has long been the norm, he continues. And that even when buying chewing gum.