Why Only 1 in 20 Germans Uses a Credit Card

The video discusses the stark contrast in credit card usage between Germans and Americans, highlighting that Germans typically have fewer credit cards. It explores why credit card companies might partner with Apple, suggesting that Apple Pay could enhance security and reduce fraud, benefiting credit card companies. The discussion extends to how Apple Pay could promote credit card use in Europe, where debit cards are more prevalent. The video also examines the limitations on merchant fees and the different payment systems in Europe, emphasizing Apple's potential role in changing these dynamics.

How could Apple Pay influence credit card usage in Europe?

What challenges do credit card companies face in charging merchants?