Despite the growing trend of electronic payments, 50% of Greek consumers still prefer cash for daily transactions, the highest preference rate in the Eurozone. This is driven by factors like privacy, better expense control, and the immediate nature of cash transactions. While digital payments are increasing, cash remains crucial for many, especially vulnerable groups, raising concerns over tax evasion.
Tag: card payments
Starting Monday, taxi drivers must have bilingual stickers indicating card payment acceptance or face 1,000 euro fines. The Independent Public Revenue Authority is intensifying inspections as only half of the taxis comply. Passengers can refuse payment if card machines are non-functional.
Taxi drivers have been given a three-week deadline to attach special adhesive signs to the…
Beginning October 30, taxi drivers who fail to display a mandatory sticker indicating acceptance of card payments and receipt issuance will be subject to a fine of 1,000 euros. This decision comes after the Panhellenic Taxi Federation’s rejection of the stickers, citing safety concerns. Consequently, authorities have provided a five-week window for compliance. The Federation has accused the ministry of coercion and awaits the official decision to chart its course of action.