“In France, in my opinion it is not the death of the card, in 5 – 10 years we will see, but it is the preferred way of payment in France like in the UK. In Germany, it is quite different because they use cash a lot. So, when you use cash it is very practical to use a smartphone instead of the card,” said Thierry Laborde, deputy COO and head of domestic markets at BNP Paribas.
In this week’s PaymentEye, BNP’s Laborde explains why Germany’s reliance on cash could discontinue as the country embraces ApplePay.
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