There has been an establishment of contactless payment in Germany only recently within a very short period of time, which was not expected to happen in such a short time span. With this article, we want to describe the reasons for this development and give an outlook on how the situation could continue to develop.
The DK, as successor of the German Credit Committee, is a committee of all German banks for the preparation and monitoring of regulations regarding payments. This includes, among other things, the network operation for physical payments at the point of sale (POS). As the owner of this network operation, the DK is responsible for creating and monitoring the regulations. First and
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