Use of debit and credit cards soars in July

Kathimerini English - - Front Page - EVGENIA TZORTZI

While the gov­ern­ment’s pre­vi­ous plans to boost the use of credit and debit cards may not have been car­ried out, the in­tro­duc­tion of cap­i­tal con­trols did nev­er­the­less lead to a surge in the use of plas­tic money in the last few weeks. Within just one month the num­ber of users soared by 1 mil­lion, while the monthly av­er­age of new cards is­sued be­fore the banks closed had stood at just 100,000.

“The use of cards for pur­chases at su­per­mar­kets and gas sta­tions dou­bled within one month,” Al­pha Bank’s man­ag­ing di­rec­tor, Leonidas Ka­soumis, told Bloomberg yesterday.

The al­ter­nate man­ag­ing di­rec­tor of Eurobank, Theodoros Kalan­to­nis, added that there was a sim­i­lar in­crease in de­mand for credit and debit card ma­chines not only by traders but also self-em­ployed pro­fes­sion­als such as doc­tors, phar­ma­cists, den­tists and oth­ers. At the same time, the num­ber of new elec­tronic bank­ing cus­tomers grew five­fold in July to 150,000.

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