The Leipzig-based FinTech company Q-lipay is helping immigrants in Europe and the U.S. pay bills and buy products and services for their loved ones worldwide – and it’s all done safely, cheaply, and in real time.
Industries / Consumer Industries & Corporate Services
The 2019 German Online Commerce award for best customer service went to the music supply store Thomann, which sells everything from guitar strings to vocoder synthesizers to 2200-watt PA systems.
Online retail colossus Amazon is opening not one, not two, but three new locations in Germany.
Experts say that along with the good weather in Germany last year, a general trend toward pedal power is driving growth.
According to a survey of 435 retail businesses by the research organization EHI, for the first time ever, in 2018 Germans paid more often with credit or debit cards (48.6%) than cash (48.3%) for their retail purchases.
In what is being hailed as a milestone for the world of cryptocurrencies, Stuttgart saw the launch of the world’s first trading place for Bitcoin and competitors organized by a regulated stock exchange operator.
Being on the ground in Germany will play a central role in the company’s international expansion effort.
Foreign investors are lining up to invest in Germany’s FinTech hubs in the hope of backing the next game-changing financial technology. Frankfurt and Berlin, as well as Munich and Cologne, are all gaining momentum as digital financial centers.
Imports of bicycles and parts to the country climbed by over 30 percent in 2018 .
Investment in German fintech recorded impressive year-on-year growth in 2018 of 55 percent, its fastest growth rate in three years.