(Trends 3/6) Faced with soaring Visa and Mastercard fees, European retailers are looking for alternative payment methods that protect margins while boosting conversion. From wallets and self-checkout to mobile in-store payment and even crypto, they have been innovating at scale. Here are the main initiatives of local leaders of Lidl, Decathlon, Courir, Maisons du Monde, Pixmania, Veepee, Sephora, Cdiscount, Galeries Lafayette, Printemps, Shopify, Coopérative U, Carrefour, Intermarché, Sainsbury’s, Morrisons, etc.
Context
As the final stage of the purchasing process and a key moment for collecting revenue, payment is a critical issue for merchants. Today, the most established payment methods in France are credit card payments (which can also be made contactless or via NFC, or using a mobile wallet such as Apple Pay): in 2024, it accounted for 69% of spending, according to BPCE (latest data available, +8 points vs. 2019). Next comes cash payment (in 2024, 14% of card transactions were cash withdrawals, dow
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Article authors
Morgane Monteiro
Journalist
Journaliste économique pour mind Retail depuis 2024, j’analyse la transformation digitale du commerce.
Sophie Baqué
Chief Editor of mind Retail