Despite e-payments being the preferred option for many countries, cash is still the number one option for Greeks according to a recent European Central Bank (ECB) survey.
The survey showed that 57% of Greeks still pay in cash with Cyprus and Slovenia come a distant second, with 28%. The figures were taken for 2016. Despite the statistic, banks estimate that things have started changing considerably after the compulsory payment of salaried workers via a bank account from early 2017.
One of the main reasons for cash use is because the vast majority of Greeks are still paid in cash whereas others in the Eurozone are paid electronically.