Germany E-Commerce Payment Market will be US$ 103 Billion by 2026

Germany is Europe's second-most populous country after Russia and the world's fifth-largest ecommerce market. It is one of Europe's largest ecommerce markets after the UK and France. Consumers in Germany embrace digital payment strategies such as digital wallets, bank transfers, and credit card transactions. Last year, more than 70% of customers had shopped online rather than in a physical store. During this time, the ecommerce payment markets for hygiene products, pharmaceuticals, and groceries have expanded. Germany eCommerce Payment Market is expected to grow more than US$ 103 Billion by 2026, since there is a rise in number of online shopper’s year on year.

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