Tag: Digital Payments

Cash Greece

Cash Still King in Greece: 50% of Consumers Prefer Physical Money Despite Rise of Digital Payments

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.