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Sparkasse cooperation with Payback: Girocard will be upgraded from 2025
According to a report from www.express.de, the Sparkasse has announced a new cooperation with the Payback bonus system. From 2025, customers should be able to automatically collect Payback bonus points when making cashless payments with their Girocard. The cooperation is Payback's first partnership in the debit card sector and is intended to further increase the attractiveness of cashless payments. The introduction of this feature could have a far-reaching impact on the market. On the one hand, the Girocard will become even more attractive because customers can now automatically collect bonus points when they use it. This could lead to the Girocard being used even more often as a means of payment, which would have a positive impact on the sales of savings banks and...
Sparkasse cooperation with Payback: Girocard will be upgraded from 2025
According to a report by www.express.de, the Sparkasse has announced a new cooperation with the Payback bonus system. From 2025, customers should be able to automatically collect Payback bonus points when making cashless payments with their Girocard. The cooperation is Payback's first partnership in the debit card sector and is intended to further increase the attractiveness of cashless payments.
The introduction of this feature could have a far-reaching impact on the market. On the one hand, the Girocard will become even more attractive because customers can now automatically collect bonus points when they use it. This could lead to the Girocard being used even more often as a means of payment, which could have a positive impact on the sales of savings banks and retailers.
On the other hand, this cooperation could have a negative impact on other bonus systems and their partner companies. Since customers can now automatically collect Payback points with the Girocard, this could lead to other bonus systems becoming less attractive and customers increasingly relying on Payback.
Another consequence could be that other banks and financial institutions enter into similar cooperations with bonus systems in order not to fall behind in the competition with the savings bank.
Overall, it can be said that the cooperation between Sparkasse and Payback represents a significant breakthrough in the area of cashless payments and could potentially have far-reaching effects on the market. However, the exact development remains to be seen.
Read the source article at www.express.de