• On the one hand, German retailers are increasingly turning to Chinese providers of mobile payment solutions, with a particular view to increasing sales to Chinese tourists. • On the other hand, retailers have also increased the scope of their activities by closing the cash cycle in Germany.
Nowadays, more and more shops are providing basic banking services for their customers such as cash withdrawals and deposits at the counters. To me, this shows that the transformation of the payments landscape is anything but complete. 4 CBDC as a cash substitute?