-
German retailers feel the pressure of inflation while card costs rise
After months of dizzying consumer price increases, inflation in Germany reached 8.2% in June.[1] The market is caught between the ongoing energy crisis and widespread supply chain disruption, with economic growth forecasts cut from 3.1% to 2.5%.[2] But while German retailers’ margins are being squeezed in all directions, is the same true for their payment…
-
Payment & Brexit – What additional costs will German and European merchants face?
The UK is one of the most important e-commerce markets for the EU. In 2019, the UK accounted for 34% of online sales in Western Europe. Now, as a consequence of Brexit, Mastercard wants to classify the UK as “inter-regional” from October 2021, which will result in interchange fees for “card not present” (CNP) transactions…
-
Digital cash register receipt as data platform
The year 2020 as the Year of the receipt To call it a global pandemic would not be an accurate description. Nevertheless, the topic has developed relatively quickly in Germany. After the legal requirement and obligation to issue receipts came into force in January 2020, small retailers or bakers were more likely to be seen…
-
The stationary trade – a swan song?
A guest contribution from Bjorn Wessel Corona is changing the world and with it the trade. Not through new insights, but rather by accelerating existing developments. What took 5-10 years before is now happening in 3 months. In retail, the “final breakthrough” of eCommerce, long awaited by some and feared by others, has become visible…
