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Greek banks raise limit for contactless card payments without PIN

The Hellenic Association of Banks announced on Thursday that the banks increase the limit for contactless payments with debit, credit cards and prepaid cards without using PIN.

The limit is raised from 25 euros today to 50 euros.

The measure will be implemented from Monday, March 30 until Sunday May 31, 2020. of 50 euros, against 25 euros that was in force until today.

This measure is provisional and for the next two months. It is estimated that more than 80% of transactions in food shops, gas stations and pharmacies will be possible without the use of PIN in order to minimie the physical contact of cardholders with the POS keyboard.

It is recalled that all transactions, regardless of the amount, are carried out contactless without the payment card being handed out to the employee of the facility where the transaction is performed.

The cardholder will continue to be asked to enter the PIN in the POS for transactions exceeding 50 euros.

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