Greece was the fastest user of e-payments within the EU in 2016 with a 108.8% year-on-year increase according to the European Central Bank (ECB). The trend has carried on into this year partly due to a compulsory law with businesses required to install card terminals.
The number of card transactions in Greece came to 301.5m in 2016, of which 221.5 million were conducted through debit cards and the other €78.4m through credit cards. In comparison, transactions were €15.4m for 2015, which shows the dramatic increase.
While the notable increase is welcome, the ECB also stated that Greece still lags some way behind other EU countries when it comes to e-payments with only Bulgaria and Romania being further down.