Apple Pay Apple Pay in Germany

[4254126]

And if you look on their Twitter Account there is one single tweet today. There is no press release or anything else. Even in quoted facebook not a single word about Apple Pay.

Strange „Feuer aus allen Rohren“. Don’t you think so?

Plenty of other Sparkassen have commented via Twitter.

Look, I don't want to get into an argument. But: I think it is clear enough that they are going their own path and might choose a legal route to get to their end result: "Mobiles Bezahlen als App auf Ihrem iPhone". I just hope that day never comes.

 

[jokant]

If I read this Welt article and think about Google really doing this, I do understand why banks want the NFC chip instead of GooglePay. Even if GooglePay is free the banks understood, that they gonna pay with data.
https://www.welt.de/wirtschaft/arti...y-Diese-Banken-sind-in-Deutschland-dabei.html

...and the article lists Santander...

 

[docfred]

Plenty of other Sparkassen have commented via Twitter.

Look, I don't want to get into an argument. But: I think it is clear enough that they are going their own path and might choose a legal route to get to their end result: "Mobiles Bezahlen als App auf Ihrem iPhone". I just hope that day never comes.

Yeah and plenty customer agents today told their customers, it is coming. Even mine.

What is it worth? Nothing, as long as DSGV does not comment. Same for some social media Azubis in Mainz, who quote several weeks old texts.


And it is the other way round:
Let‘s hope, the day will come. Konkurrenz belebt das Geschäft. And nobody can want a service monopoly on iOS with Apples „take it or leave it“ arrogance. People should be able to choose.

That would be the best for everyone.

 

[Karma_isA_8itch]

Well I’m with docfred on this one. Until Sparkasse does not 100 percent deny their participation there is no need to make them look bad. There is a lot of talking and different words going around. Until there is a clear statement let’s just wait and see. I think the people at Sparkasse are smart enough that Apple is not going to make the nfc chip available to the public. It’s just not gonna happen otherwise they would compromise the high security they claim Apple Pay to have. I’m pretty confident sooner or later they will join Apple Pay. They might be a little. It old fashioned but after all they are not dumb. Just look at mobile payment they are one of the first banks with a good app and only one of two banks in Germany offering instant payments.

 

[4254126]

Here is a payments manager for (a ?) Sparkasse... https://twitter.com/ulle1979/status/1024739541528313856

With comments like that, does anyone really think we'll see Apple Pay soon with them? He was also the guy who gave exact details on how and when "Mobiles Bezahlen" for Android would launch. So he's in the know.

 

[therealtibu]

Here is a payments manager for (a ?) Sparkasse... https://twitter.com/ulle1979/status/1024739541528313856

With comments like that, does anyone really think we'll see Apple Pay soon with them? He was also the guy who gave exact details on how and when "Mobiles Bezahlen" for Android would launch. So he's in the know.

It is absolut legit that Apple and Sparkasse doesn't match with their view of mobile payment. I think everybody will unterstand that. If AP is of high value for a customer then he/she is able to switch the bank.

That is what I hope for Sparkasse/Volksbanken. They won't get the NFC chip especially if AP launched one day. So please give the customers an official statement!

 

[Karma_isA_8itch]

Here is a payments manager for (a ?) Sparkasse... https://twitter.com/ulle1979/status/1024739541528313856

With comments like that, does anyone really think we'll see Apple Pay soon with them? He was also the guy who gave exact details on how and when "Mobiles Bezahlen" for Android would launch. So he's in the know.

Sorry but who is this guy to make a statement like that? Apple doesn’t know the German market? A soon to be trillion dollar company does not understand the German market? Sure he must be right it’s not like Germany is after the us and China one of the biggest markets for Apple. Man they must have had a lot of luck to become that successful if they clearly don’t know a thing ...

 

[Mr-Fly]

I think they are just on a "hohes Ross" and to be onset, the can fall steep. They should realize, that their position in Germany weakens every day. I think the percentage of you people who stay at Sparkasse is decreasing.

 

[Alanin]

I think they are just on a "hohes Ross" and to be onset, the can fall steep. They should realize, that their position in Germany weakens every day. I think the percentage of you people who stay at Sparkasse is decreasing.

I think that too.

 

[Karma_isA_8itch]

I think they are just on a "hohes Ross" and to be onset, the can fall steep. They should realize, that their position in Germany weakens every day. I think the percentage of you people who stay at Sparkasse is decreasing.

IF Sparkassen won’t participate then there is a chance that some people are going to switch banks. But do you think they will even care? How many customers do they have? 30 million? 40 million? How many people are crazy about Apple Pay? If we assume they have 30 mio customers don’t know the number so ... just let’s take that number. 20 % of those iOS users they makes 6 mio potential Apple Pay users. Back in December of 2017 the Apple Pay adoption rate was at around 12 %. If we take that number which is I guess a pretty high number for Germany that leaves us with round about 700.000 Apple Pay users. A poll from February this year in Australia stated that about 30 % of Apple Pay interested users would consider to switch their bank in order to be able to use Apple Pay. Then we have 200.000 people left that would consider to switch their bank. Now that may or may not sound like a lot but in this calculation are all Sparkasse customers ... but the target group is much much smaller. And there are more then 300 different Sparkassen groupes so they might loose about 700 people each. Not sure if they care about this little number.

 

[Mr-Fly]

I think it is more about the future and not the immediate impact. They need young people to have a stable situation. And in my eyes that is exactly what they don't manage good. 18 year old don't want Knax Heftchen anymore.

 

[Karma_isA_8itch]

How did you get your very first bank account? I guess your parents opened it for you when you very a little boy and later they became your main bank. You opened your very first bank account where your parents had theirs. At least that’s my story and the story of the better part of customers. And that’s their advantage they have. They will always get young customers. You wouldn’t open an account for your kids with a totally new unknown maybe even direct bank like N26 would you? You couldn’t even if you wanted because most direct banks don’t even allow for children to get a bank account. They’ll always come back to the old fashioned banks... the banks where your parents have their account. Of course you can switch later - or not. But still they get young customers and can show them what they have to offer.

 

[docfred]

Sorry but who is this guy to make a statement like that? Apple doesn’t know the German market? A soon to be trillion dollar company does not understand the German market? Sure he must be right it’s not like Germany is after the us and China one of the biggest markets for Apple. Man they must have had a lot of luck to become that successful if they clearly don’t know a thing ...

Statement like that? He is just saying what every bank manager worldwide thinks. Also at DB or HVb or an other bank

They just hate it because it cuts revenue for nothing.

Just read the news a few years back in Australia or even the US in the beginning. Read the linked WELT article above.

So he is just telling what everybody thinks on his private Twitter Account.


I‘m totally relaxed. There is no pressure and the market is wide.
[doublepost=1533155805][/doublepost]Btw: what I really don’t get... there are two dozends banks that also did not say anything or already declined. But the rant is again just about this only one bank. As it is the only choice in Germany.

Why?

 

[Mr-Fly]

How did you get your very first bank account? I guess your parents opened it for you when you very a little boy and later they became your main bank. You opened your very first bank account where your parents had theirs. At least that’s my story and the story of the better part of customers. And that’s their advantage they have. They will always get young customers. You wouldn’t open an account for your kids with a totally new unknown maybe even direct bank like N26 would you? You couldn’t even if you wanted because most direct banks don’t even allow for children to get a bank account. They’ll always come back to the old fashioned banks... the banks where your parents have their account. Of course you can switch later - or not. But still they get young customers and can show them what they have to offer.

So your account is still at the Sparkasse. Mine isn't but I have the same history. Today the young people (I am talking of the young people who are of value as they bring money or take credits) tend to take more fanc banks, look at all the talks of people who like n26 and think they are the greatest. The Sparkasse only does the job with the kids to keep them and I think this goal is not reached the same way then when I was young.
And to be honest, times changed since then. When I was 18, the best of Sparkasse was to get money at other Sparkasse in whole Germany, direct banks where non existent (ok I am 46 so check how long ago that was).
And that's what I meant, not kids.

 

[Karma_isA_8itch]

Statement like that? He is just saying what every bank manager worldwide thinks. Also at DB or HVb or an other bank

You wanna know what I think about freakin bank managers after they gambled with our money, destroyed money, jobs, economy and even life’s and brought one of the biggest if. not the biggest financial crisis over mankind because they couldn’t get theirs mouths full? So again my question: who is he to make a statement like that. A freakin bank manager that’s only driven by his greed. If Apple would work like those managers working for our banks ... don’t know who after all is the one who doesn’t know how the market works.
[doublepost=1533156364][/doublepost]@Mr-Fly

I get your point. BTW I’m not at Sparkasse. Never been and never will. I have a sberbank account in russia with my wife and a Sparda bank account in Germany. And I have a N26 for many years but I’m no fan of them at all. They don’t offer a lot and what they offer they don’t do good. But I love bunq. But I would never consider giving all my money into the hands of a start up/fine tech call it what you want.

 

[docfred]

You wanna know what I think about freakin bank managers after they gambled with our money, destroyed money, jobs, economy and even life’s and brought one of the biggest if. not the biggest financial crisis over mankind because they couldn’t get theirs mouths full? So again my question: who is he to make a statement like that. A freakin bank manager that’s only driven by his greed. If Apple would work like those managers working for our banks ... don’t know who after all is the one who doesn’t know how the market works.

The funny thing is... These greedy slimeballs who destroyed business are not at S or VRB ...

they are at Deutsche Bank, UniCredit, CommerzBank ....

Just to think about

 

[Mr-Fly]

The funny thing is... These greedy slimeballs who destroyed business are not at S or VRB ...

they are at Deutsche Bank, UniCredit, CommerzBank ....

Just to think about

Hehe, I just think the dimension is different. ;-)
Sparkasse is acting a a smaller dimension than the big ones as there is no "the Sparkasse", they are small entities.

 

[Karma_isA_8itch]

The funny thing is... These greedy slimeballs who destroyed business are not at S or VRB ...

they are at Deutsche Bank, UniCredit, CommerzBank ....

Just to think about

Yes you are right but that makes other banks not any better.

 

[4254126]

These greedy slimeballs who destroyed business are not at S or VRB

Short offtopic (excuse me): But they are often greedy slimeballs locally. The main goal is to support local communities and funnel that money back into the local councils that own them. Does that happen? Mostly not... -> https://www.ndr.de/fernsehen/sendun...n-Wer-kassiert-die-Gewinne,sendung618582.html

 

[docfred]

Hehe, I just think the dimension is different. ;-)
Sparkasse is acting a a smaller dimension than the big ones as there is no "the Sparkasse", they are small entities.

Nope. Other business model. As they are public banks with a public contract to the region or city, they have another focus. They really earn money with the services they sell and provide you. Not by trading the mortgage of your grandmother to some doubtful companies. They are not even allowed to do such jobs or to invest your money in high risk contracts like CommerzBank or DB did.
And they are serving KMU like no other banks on the market.

Same market, different business modell. Not the same pot.

Which has nothing to do with Apple Pay. Or the lack of some shiny Leuchtturm products.

But it is not fair to dump VBR and the S in the same category with the banks who nearly crashed the whole world at the end of the 2000s.
[doublepost=1533157537][/doublepost]

Short offtopic (excuse me): But they are often greedy slimeballs locally. The main goal is to support local communities and funnel that money back into the local councils that own them. Does that happen? Mostly not... -> https://www.ndr.de/fernsehen/sendun...n-Wer-kassiert-die-Gewinne,sendung618582.html

This is indeed sometimes the case. But this article... just read the comments

 

[Mr-Fly]

What I meant is that they act sometimes he same way fooling people in the local area. Selling the stuff that bring the most benefit for themselves etc.

 

[docfred]

What I meant is that they act sometimes he same way fooling people in the local area. Selling the stuff that bring the most benefit for themselves etc.

Jupp. It’s a business. With every negative aspect. But for me there is a difference between selling another spending contract or selling your lifetime spendings.

But again:
I don’t get why we talk, discuss and rant about only one bank of many. Again.

 

[Focalor]

Postbank will not participate in the initial launch, but shortly later according to Sueddeutsche Zeitung:
https://www.sueddeutsche.de/wirtschaft/mobiles-bezahlen-mit-dem-iphone-an-die-kasse-1.4077682

Fidor Bank will launch Apple Pay as well according to Handelsblatt:
https://www.handelsblatt.com/finanz...ml?ticket=ST-1145196-4zTZX2snldrj7TdfCbHz-ap3

 

[4254126]

Postbank will not participate in the initial launch, but shortly later according to Sueddeutsche Zeitung:
https://www.sueddeutsche.de/wirtschaft/mobiles-bezahlen-mit-dem-iphone-an-die-kasse-1.4077682

Fidor Bank will launch Apple Pay as well according to Handelsblatt:
https://www.handelsblatt.com/finanz...ml?ticket=ST-1145196-4zTZX2snldrj7TdfCbHz-ap3

Thanks, I have updated the first post in this thread once again but will give it a day or two to see what sticks and what turns out to be wrong... Postbank has been everything from "won't support it" to "will support it" and stuff in-between. Just one example of many (such as Fidor, Sparkasse - see the discussion here, DKB and many more). Once things have cleared up, I will update the post. Nighty night everyone!

 

[Mr-Fly]

I must admit, that I would have expected DKB to react something like.
"Hey yeah sure, we are in. We always waited for this!"
I am not really satisfied with their communication at the moment.
So maybe they have not been that ready for it than we thought?