Greece
A dynamic European payments market balancing tradition and digital transformation
Overview
Greece’s payment market is transitioning from a predominantly cash-based economy to one increasingly driven by cards and digital wallets The pandemic and government initiatives have accelerated electronic payment adoption particularly in retail and e-commerce While cash remains significant Greece’s financial system is modernising rapidly within the broader EU regulatory framework
Key Characteristics
Strong growth in debit and credit card usage
Expanding acceptance of contactless and mobile payments
Government incentives promoting e-payments to reduce tax evasion
Increased adoption of e-commerce and fintech-driven payment solutions
Supported Payment Methods
Apple Pay
Google Pay
Bank transfers and SEPA payments
Local banking apps for instant payments
Major Greek banks including Alpha Bank Eurobank and National Bank of Greece provide acquiring and issuing services alongside global providers such as Worldline Adyen and Nexi Fintech startups are also expanding digital payment options for consumers and SMEs
Regulation and Compliance
Supervised by the Bank of Greece the payments sector operates under EU regulations including PSD2 AMLD and GDPR Compliance and data security are well enforced ensuring consumer protection and interoperability with EU payment infrastructure
Strengths / Differentiators
Rapid shift from cash to digital transactions
Strong regulatory oversight aligned with EU standards
Growing fintech ecosystem supporting innovation
Increased consumer confidence in online and mobile payments
Want to know more about payments in Greece?
Contact Bizz2Pay today to discuss your requirements or get introduced to the right Payment Provider covering the most popular payment methods offered in Greece
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