Debit card

Card payments leap higher in third quarter

Credit and debit card transaction turnover grew almost 15 percent over the third quarter of the year on an annual basis, banishing fears that the growth rate of online transactions might slow to below 10 percent in 2019.

Card transactions added up to 11.4 billion euros in July-September, up 14.6 percent or 1.4 billion euros from the third quarter of 2018.

Greece lags behind in e-payments

Greece is in second-to-last place among the 19 eurozone countries and 24th among all 28 European Union member-states in electronic payments per inhabitant, including payments with credit and debit cards and online transfers of money and e-payments of bills, according to European Central Bank data for 2018.

Using another bank’s ATM to cost 2-3 euros from July 20

Greek holders of debit cards making withdrawals from cash machines of other banks will as of July 20 be charged a commission that will range from 2 to 3 euros per transaction.

This will bring these charges into line with those imposed since last summer on foreign bank clients using Greek cash machines.

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