Digital payments

Digital payments in Greece: Policies and impact on card use, 2015-2020

Digital payments in Greece: Policies and impact on card use, 2015-2020

Maria Kavvadia2026-02-18T12:03:06+00:00

The use of payment cards in Greece grew significantly during 2015-2020 and contributed to higher tax compliance and higher VAT revenues. While the use of other means of digital payments, such as credit transfers and direct debits, steadied after 2017, payment cards penetration kept its momentum, contributing to 17% of the annual VAT revenues increase which was recorded in 2019. Nonetheless, the average level of cards use in Greece remains far below the EU average, while there are several sectors and regions with systematically lower card use. Policy measures through Law 4446/2016 aiming to boost digital payments had a [...]

Digital payments in Greece: Policies and impact on card use, 2015-2020Maria Kavvadia2026-02-18T12:03:06+00:00

Digital payments after the capital controls: Support measures and tax revenues

Digital payments after the capital controls: Support measures and tax revenues

Fotini Stathopoulou2026-02-25T08:59:23+00:00

The use of payment cards in Greece more than tripled in value between 2014 and 2017. The penetration lifted off with the imposition of the capital controls and then remained on an uptrend, aided further by the measures of law 4446/2016. According to the findings of the study: (a) The law had a statistically significant, positive impact on card usage, especially in the second half of 2017, controlling for the effects of macroeconomic factors and capital controls; (b) The penetration of electronic payments had a significant positive impact on tax compliance, contributing at least 50% of the annual increase [...]

Digital payments after the capital controls: Support measures and tax revenuesFotini Stathopoulou2026-02-25T08:59:23+00:00

Digital payments and tax revenues in Greece

Digital payments and tax revenues in Greece

Fotini Stathopoulou2026-02-26T07:34:09+00:00

The aim of the study is to investigate the role of digital payments in curbing the shadow economy and boosting tax revenues in Greece. The study also attempts to quantify the impact on tax revenues from adopting incentives for the use of digital payments. Study

Digital payments and tax revenues in GreeceFotini Stathopoulou2026-02-26T07:34:09+00:00

Digital payments

Digital payments in Greece: Policies and impact on card use, 2015-2020

Digital payments after the capital controls: Support measures and tax revenues

Digital payments and tax revenues in Greece

Foundation for Economic & Industrial Research