While mobile and contactless payments have been around for several years, it has only been since the pandemic began that these two technologies have truly become a part of everyday life for the French. The latest report of the Banque Populaire-Caisse d’Épargne (BPCE) group illustrates this very well. A true exponential growth they have experienced since 2020.
Smartphone payout is the more impressive of the two. The amount of spending made in this way since 2021 has literally exploded, increasing 163% within a year. technology has influenced A huge leap of 1128% Compared to 2019, it’s proof that Google and Apple are winning users with their own solutions. On average, they now spend 23 € with every mobile payment.
The cash in the wallets of the French is slowly disappearing.
Another big winner of this work is of course contactless payment, which has been widely democratized since 2020. These payments had already increased by 85% in 2020, with the onset of the pandemic and the ceiling being raised to €50. Two years later, growth continues to be on the agenda. 23% increase spending compared to 2021. On average, French spending 17 € contactless payment, especially in neighborhood shops.
This evolution necessarily leads to the gradual loss of fluid. If the fall is not catastrophic (only 8% less withdrawals Since 2019), these are becoming increasingly rare and especially popular among the elderly population. Payments with classic cards are still on the rise: +12% in 2022for lower quantities than usual.
Source : BCE
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