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Geldkarte

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German electronic card payment system

Geldkarte (German: "money card") is a stored-value card or electronic cash system used in Germany. It operates as an offline smart card for small payments at installations like vending machines and to pay for public transport or parking tickets. The card is pre-paid and funds are loaded onto the card using ATMs or dedicated charging machines. The system will be abandoned from 2024.

History

A German parking ticket vending machine bearing the Geldkarte acceptance logo.

The first field trial took place in 1996 in Ravensburg.

Since 1 January 2007, the Geldkarte can be used for mandatory age verification at German cigarette vending machines instead of a German identity card or driver's licence. This caused an increase in use of the Geldkarte system, which suffered from very low demand in its first ten years. Several usage statistics peaked in 2007, including number of payments made and total amount paid with the Geldkarte. As of 2009, 132 million Euros were spent through the Geldkarte system. The average transaction had a value of €3. However, usage numbers were already decreasing again.

In 2015, Deutsche Post removed Geldkarte acceptance from their stamp vending machines citing low demand. As of 2018, less than 1 percent of all issued cards with Geldkarte functionality were being used.

As of 2020, both Geldkarte and its contactless counterpart girogo are in the process of being phased-out. New cards were no longer being issued due to decreased demand. The system will be shut down by 2024, when all remaining cards have been replaced by Girocards with contactless payment functionality.

See also

References

  1. ^ Breinich-Schilly, Angelika (2022-01-17). "Geldkarte- und Girogo-Funktionen werden eingestellt". springerprofessional.de (in German). Retrieved 2024-04-25.
  2. faz.net (German) 11 April 2006
  3. "GeldKarte Entwicklung Bezahltransaktionen" (PDF). bankenverband.de (in German). Archived from the original (PDF) on 2012-01-30. Retrieved 2024-01-06.
  4. "Nutzung der Geldkarte ist rückläufig [Geldkarte transactions decreasing]". heise.de (in German). Heinz Heise. 25 February 2010.
  5. heise.de 19 May 2015
  6. Stephanie Lorenz (2018-07-20). "Ersetzt das Smartphone an der Ladenkasse bald die Karte?". Augsburger-allgemeine.de. Retrieved 2018-11-04.
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