The Bundesbank's recent report shows a decline in cash usage in Germany, with only 51% of transactions made with cash in the past year, down from 58% in 2021.

Debit card transactions have increased to 27%, surpassing cash in total value for the first time, especially for larger amounts.

Mobile payment methods like Google Pay and Apple Pay now account for 6% of transactions.

Despite the shift towards digital payments, 63% of people still prefer cash for privacy reasons.

The availability of cash is decreasing, with concerns about access to physical currency as the number of ATMs in Germany declines.

The future role of cash in daily transactions in Germany remains uncertain as the country navigates the balance between traditional cash usage and the growing popularity of cashless options.