Sparkassen: Mobile Payment Breaks the 15 Million Mark (and Figures on Wero)

▤ Summary

Sparkassen customers have digitized more than 15 million payment cards into their smartphones, reflecting a clear shift toward mobile payments. Contactless payments now account for over 95% of POS transactions, and 27% of those contactless transactions occur on mobile devices. The Sparkassen app reports about 20 million active users who open it multiple times per week for banking tasks. The new Wero payment system has attracted more than 5.2 million registrants and shows growing transaction volumes, indicating phones increasingly replace plastic cards as the everyday wallet.

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