Payment Card Year Books

Greece Statistical Report 2024

£270.00

INTRODUCTION

of the euro zone, Greece’s potential exit in order to manage the now-expired Greek government debt crisis was a long-running political issue which ended in 2015 upon an EU bailout being extended. 

Greece’s payment market is making steady progress on digital payments, although it remains one of the biggest cash-based economies in Europe. Use of internet banking remains low compared to other EU markets, although bank mobile apps are gaining in traction. 

The introduction of contactless has driven significantly more low-value transactions towards debit cards, as evidenced by the strong rise in debit card numbers and transactions over the last few years. However, credit cards continue to be the mainstay of the Greek payment card market, in line with the country’s dependence on all forms of consumer credit.

The adoption of the revised Payment Services Directive, PSD2, and disruptive technologies have set the stage for digital payments for the digital economy in Greece. They have accelerated digital payment transformation and mobile payment services, as well as cardless IBAN-based payments directly from bank accounts. 

In the last decade, Greek consumers have embraced mobile devices such as tablets, smartphones and Internet of Things (IoT). This change significantly impacts their shopping experience. Consumers have become increasingly connected and they have started to purchase anywhere, at any time, from any device. 

In addition, new consumer demands are a game changer. Greek consumers like digital banking apps with access to all their accounts at different banks in one single app, with the option to make payments directly from their bank account of choice. Additionally, they appreciate more banking services and payment services added to their mobile banking app. Consumer adoption of digital payments in Greece is driven by minimal cost, secure payments and a high level of user convenience. 

STATISTICAL KEY FIGURES FOR 2023/24 PROVIDED IN THIS PROFILE:

NEW IN 2024:

  • THE FULL IMPACT OF COVID-19 ON DIGITAL PAYMENTS, CARD PAYMENTS, E-COMMERCE AND M-COMMERCE BY MARKET.
  • REAL-TIME PAYMENTS INFRASTRUCTURE AND GROWTH STATISTICS BY MARKET.
  • OPEN BANKING INFRASTRUCTURE, API ROLL-OUT, KEY PLAYERS AND KEY INITIATIVES BY MARKET.
  • CONTACTLESS AND MOBILE PAYMENTS STATISTICS BY MARKET.
  • CRYPTOCURRENCY, STABLECOIN AND CBDC INITIATIVES BY MARKET.
  • FULL UPDATE ON BANK CHANNEL DIGITISATION BY MARKET.
  • FORECASTING COLUMN ADDED FOR ALL THE MAJOR TABLES.
  • READER-FRIENDLY DESIGN WITH ENHANCED DATA VISUALISATION.
  • INDUSTRY DEVELOPMENTS AND BANK DEPLOYMENTS OF EID, BIOMETRICS AND AI.
  • THE INTEGRATION OF DIGITAL CHALLENGERS AND NEOBANKS INTO THE BANKING INFRASTRUCTURE.

UPDATES FOR 2023-24:

  • UPDATED – BANK M&A, RESTRUCTURING AND MARKET POSITIONING.
  • CUSTOMER NUMBER KPIS AND ADOPTION OF DIGITAL CHANNEL KPIS.
  • REAL-TIME PAYMENTS INFRASTRUCTURE AND GROWTH STATISTICS BY MARKET.
  • OPEN BANKING INFRASTRUCTURE, API ROLL-OUT, KEY PLAYERS AND KEY INITIATIVES BY MARKET.
  • CONTACTLESS AND MOBILE PAYMENTS STATISTICS BY MARKET.
  • CRYPTOCURRENCY, STABLECOIN AND CBDC INITIATIVES BY MARKET.
  • FULL UPDATE ON BANK CHANNEL DIGITISATION BY MARKET.
  • FORECASTING COLUMN ADDED FOR ALL THE MAJOR TABLES.

PRODUCT INFORMATION

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

VERSION

Version 1.1 - last updated 09/05/2024