According to the latest report by Renub Research, titled "Germany E-commerce Payment Market by Category (Food, Clothes, Travel, etc.) Payment Types (Bank Transfer, Card, Digital Wallets, Cash, Direct Debit, Open Invoice, Others), Company Analysis" 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 e-commerce 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 the number of online shopper’s year on year.
COVID-19's Effect on the German eCommerce Payment Market
Germany is primarily
