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Online Valentine's Day Purchases Soar in Greece

The value of online transactions in Greece has rocketed by a whopping 3662 percent since 2016, according to the findings of a survey published on Wednesday. The survey by MasterCard on how Greeks shop for Valentine's Day also showed that...

Greeks Splashed Out On Card Payments Over Holidays

Piraeus Bank has said Greeks’ use of plastic money during the Christmas and New Year holidays rose to new record highs, evidence of a massive turn by consumers towards plastic which began two-and-a-half-years ago, after the imposition of capital...

Will Creditors Approve Government's Plan of Incentives for Making Credit Card Purchases?

According to sources, there is a plan in the making to drive Greeks to use their credit cards to make purchases. The government has a 12 point plan as a part of a long-awaited bill with incentives to increase...

Increasing Number of Greeks Pay Income and Property Tax With Credit Cards

More and more Greeks have turned to credit cards to help them in paying their income and property taxes, according to the Greek newspaper Kathimerini. According to their data, the total amount of taxes put on credit cards in 2016...

Free Groceries and Cars for Those Who Use Credit Cards

Taxpayers who use "plastic" money will receive numerous benefits that are not available to those who pay in cash. New legislation being drawn up by the Ministry of Finance includes huge incentives for electronic payments. Tax reductions and the chance...

Greeks Owning Credit Cards are 60% Less than Before Economic Crisis

The poor creditworthiness of most Greek citizens puts on hold the finance ministry's plans to give incentives for the use of credit cards as part of the campaign to fight tax evasion. Despite the increase in the use of plastic...

Plastic Money Soars in Greece‏

Use of plastic money in retail has almost tripled since the imposition of capital controls in the country, with credit institutions issuing more than 1.1 million debit cards in the period from the end of June until early August. Previously,...

Foreign Airlines Will Only Accept Credit Card Payments from Greece

Greek tour operators received a letter from British Airways and Spanish Iberia airlines notifying them that from now on they expect tickets to be booked with credit cards only through the special GDS system. A few days ago, Turkish Airlines also issued an...

Ryanair Will Allow Greek Passengers to Pay Cash

The capital controls imposed on Greek banks have already had a significant impact on Greek society. Since Greeks are unable to use their credit and debit cards to make purchases the low cost airline Ryanair announced that Greeks passengers will...