Greece 2017/2018

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Payment Organization

DIAS, Hellenic Bankers Association

Domestic Card Brand


Market Structure

In 2011, all cashless transactions equalled ATM cash withdrawals by number for the first time in Greek history. 

Greece has a cash-based economy. There were only 28.0 card payments per capita, the third lowest in the EEA region. 

ATM cash withdrawals by value are higher than the total card payments value: 1.5-times by number and 4.5-times by value. 

The Greek crisis affected card usage from 2009. Card numbers declined to 13.2 million in 2014, but recovered from 2015. 

For the first time in Greek history, from 2015 there are more debit card payments than credit card payments by number and by value. The extremely high growth rates of card use in 2015 and 2016 is a consequence of the imposition of capital controls in the summer of 2015 which continued in 2016. 

NBG, the largest Greek bank, was historically the main MasterCard issuer while Alpha, the large private bank, was the main VISA issuer. However, dual card brand issuance is common use. 

Significant restructuring of the bank sector: four large bank groups remained: Alpha Bank, Piraeus Bank, NBG and Eurobank. 

Notable Market Trends

Contactless cards and terminals, MasterPass, Mybank, HCE NFC. 

Statistical Key Figures for 2016 provided in this profile:

UPDATED: tables with card business data 2012-2016; growth rates: Y-o-Y, CAGR

Population, Cards per Capita, Card Value per Capita

Debit Cards, Credit/Delayed Debit Cards, Total Cards

Card payments by number and by value, ATV per card, payments per card/year

ATMs, POS terminals, ATMs/POS terminals per 1 million capita

ATM withdrawals by number/by value, ATV per withdrawal, TXs per ATM/month

POS payments by number/by value, ATV per POS payment, TXs per POS/month

Internet Use, e-payment mix, B2C e-Commerce by value and growth rate

Issued Card brands by individual major issuer bank

Accepted card brands by individual major acquirer

Drill down into the debit card use and credit cards use details

Product information

Digital product provided in PDF format. You will receive a download link to a zip file containing your files after checkout. 


1.0.0 last updated 2nd December 2017