Card pay­ments up by half in a year

Kathimerini English - - Focus - EVGENIA TZORTZI

A Fo­cus Bari sur­vey con­ducted for Master­card found that card trans­ac­tions soared by 50 per­cent in Jan­uary, the first full month since the im­ple­men­ta­tion of a law that only al­lows tax­pay­ers who pay for their pur­chases with plas­tic to qual­ify for an in­come tax dis­count.

The use of credit, debit and pre­paid cards in ev­ery­day trans­ac­tions is ex­pected to grow at a high rate within 2017, adding to the 136 per­cent in­crease in card trans­ac­tion turnover recorded over the last two years. There has also been a con­sid­er­able in­crease in the num­ber of card ter­mi­nals around Greece, now es­ti­mated at 320,000, which is seen climb­ing to 400,000 within the year.

More than four-fifths (81 per­cent) of ac­tive cards are debit cards, num­ber­ing 11.8 mil­lion. Of those, 1.3 mil­lion were is­sued in the last 12 months.

Ac­cord­ing to Master­card’s re­gional direc­tor Aspa Pal­imeri, an ad­di­tional fea­ture of the new en­vi­ron­ment in terms of pay­ment meth­ods in Greece is that Greeks are in­creas­ingly opting to make con­tact-free pay­ments. Such Master­card trans­ac­tions soared 1,345 per­cent in 2016 from 2015, as over 220,000 com­pat­i­ble ter­mi­nals are op­er­a­tive in the mar­ket, which sug­gests the like­li­hood of a fur­ther in­crease in con­tact­less pay­ments.

Pas­sen­ger num­bers at Athens In­ter­na­tional Air­port con­tin­ued to grow last month, post­ing a 10 per­cent an­nual in­crease to reach 1.21 mil­lion, along with 4 per­cent growth in air­craft traf­fic, ac­cord­ing to data it re­leased yes­ter­day. In­ter­na­tional pas­sen­gers rose 18.5 per­cent.

More than four-fifths (81 per­cent) of ac­tive cards are debit cards, num­ber­ing 11.8 mil­lion.

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