Market Share of Germany Payments Industry
The German payments market appears to be fragmented owing to the availability of the large number of players intensifying the competition. Major players in the German payments market are adopting strategies like acquisitions and partnerships to expand their reach to more regional consumers. Some major companies in the payments market are Visa Inc., Mastercard Inc., Girocard, Google pay (Google LLC), and PayPal.
March 2022 - Berlin-based B2B BNPL platform Mondu raised a USD 43 Million Series A round led by US-based venture capital fund Valar Ventures and will use the funding to expand into more European countries later this year.
September 2021 - Deutsche Bank announced to acquire Berlin-based payment service provider Better Payment. Deutsche Bank will integrate Better Payment's technical solutions into its existing product range over the next twelve months, leveraging the acquisition to expand its market share in payment processing and acceptance.
Germany Payments Market Leaders
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Mastercard Inc.
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Girocard
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Paypal
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Visa Inc.
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Google Pay (Google LLC)
*Disclaimer: Major Players sorted in no particular order
