New yStats.com publication tracks growth of alternative payments in the Europe region Hamburg-based business research company yStats.com’s new report “Europe POS Payment Methods 2020 & COVID-19’s Impact,” provides detailed insight into the changes taking place in the European region regarding the practices of in point of sale payments, including the movement away from cash due to the pandemic. Full report here: https://bit.ly/2ZLTrqG

1. PRESS RELEASE
Hamburg, September 15th, 2020
New yStats.com publication tracks growth of alternative payments in Europe
Hamburg-based business research company yStats.com’s new report “Europe POS Payment Methods 2020 &
COVID-19’s Impact,” provides detailed insight into the changes taking place in the European region regarding the
practices of in point of sale payments, including the movement away from cash due to the pandemic.
Cashless payment trends for in-store shopping in Europe are gaining strength during the COVID-19 pandemic
European shoppers are changing their preferences for point of sale payments during the COVID-19 pandemic. Multiple sources
cited in the yStats.com publication indicate that a large share of consumers in this region have shifted their POS payment practice
because of the pandemic. One of the changes is the avoidance of cash, which is considered by some as a vector of the virus. Contactless
payments are among the preferred alternative methods, also motivated by the pandemic. Furthermore, it was found that a significant
share of consumers in Germany started using cashless payments more during the health crisis.
Consumers in European countries increased the use of contactless card payments during the COVID-19 health crisis
The use of card payments is further increasing rapidly in Europe, as the pandemic increased the acceptance of this practice.
The use of card payments and now contactless card payments in Europe are top trends detailed in the new yStats.com publication. This
report also reveals the notable percentage of consumers in France that used contactless card payments in January 2020 even before the
pandemic.
Payments made via cash are decreasing in Europe due to the COVID-19 pandemic
While there was a general trend of using cash in Europe before the coronavirus crisis, this event is shifting this trend towards
cashless payment methods. The yStats.com report provides details on the shift from cash to other alternatives in Europe during the
COVID-19 crisis. The report also indicates the growth spurt in the use of digital payment methods in Germany during the pandemic.
For further information, see: https://www.ystats.com/market-reports/europe-pos-payment-methods-2020-and-covid-19s-impact/
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About yStats.com
Founded in 2005 and headquartered in Hamburg, Germany, yStats.com is one of the world's leading secondary market research companies. We are committed to providing the most up-to-date and
objective data on Global B2C E-Commerce and Online Payment markets to sector-leading companies worldwide.
Our multilingual staff researches, gathers, filters and translates information from thousands of reputable sources to synthesize accurate and timely reports in our areas of expertise, covering more than
100 countries and all global regions. Our market reports focus predominantly on online retail and payments, but also cover a broad range of related topics including M-Commerce, Cross-Border E-
Commerce, E-Commerce Delivery, Online Gaming and many others. In addition to our wide selection of market reports, we also provide custom market research services.
We are proud to cooperate with companies like Bloomberg and Thomson Reuters. Given our numerous citations in leading media sources and journals worldwide, including Forbes and the Wall Street
Journal, we are considered one of the most highly-reputed international secondary market research companies with an expertise in the areas of B2C E-Commerce and Online Payment.