Geldkarte
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 payment at things 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.[1]
History
The first field trial took place in 1996 in Ravensburg.[citation needed]
Since 1 January 2007, the card can be used for the mandatory age verification at German cigarette vending machines. This caused a steep use of the Geldkarte system, which suffered from very low demand in its first ten years.[2] 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.[3]
In 2015, Deutsche Post removed Geldkarte acceptance from their stamp vending machines citing low demand.[4]
As of 2018, less than 1 percent of all issued cards with Geldkarte functionality where being used.[5]
As of 2020, both Geldkarte and its contactless counterpart girogo are in the process of being phased-out with new cards 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 The system will be shut down by 2024 when all remaining cards have been replaced by Girocards with contactless payment function.[1]
See also
References
- ^ a b springerprofessional.de - Geldkarte and girogo functionality to be terminated 17 January 2022
- ^ faz.net (German) 11 April 2006
- ^ "Nutzung der Geldkarte ist rückläufig [Geldkarte transactions decreasing]". heise.de (in German). Heinz Heise. 25 February 2010.
- ^ heise.de 19 May 2015
- ^ 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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