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Electronic Transactions

Debit card use in Greece skyrockets after 2015 capital controls

Electronic transactions in Greece have skyrocketed since the imposition of capital controls in late June 2015, with contact-less transactions recording the most impressive increase. Over the 2014 to 2016 period, transactions via POS terminals increased by a whopping 136 percent; debit card use was up by a stratospheric 391 percent. Debit…