Sunday , February 9 2025
Home / Tag Archives: payments

Tag Archives: payments

Bank cards, smartphones to be used to board Athens public transport

A pilot application in public transport means in Athens will allow the use of bank cards and smartphones to board buses, trolley buses, the metro and the tram, in addition to tickets and passes. With the signing of a contract between OASA and the contractor of the project, a member …

Read More »

Court rules to reinstate judges’ pensions after bailout cuts

Greece’s Court of Audit has ruled to reinstate the pensions of retired judges to the levels before 2012 that it before the cuts imposed by the first bailout. The decision triggered an outrage in the society as some media reported that judges could receive at least 35,000 euros each in …

Read More »

Market Pass platform opens Feb 21; Guide with Q&A

The much anticipated online platform for submitting ‘Market Pass’ applications to receive a small financial aid for purchases will open on Tuesday, February 21, 2023, the government spokesman announced on Monday. “Beneficiaries are approximately 85% of Greek households,” he added. Beneficiaries with Tax number ending in 0 to 4 will …

Read More »

TUI payments delay puts survival of Greek hoteliers at risk

The survival of hundreds of Greek businesses in the hospitality industry is at stake after tour operator TUI earlier this month issued a series of contract amendments that require hotel owners to wait until March 2021 for three-quarters of the money due for accommodation booked this year, the Financial Times …

Read More »

Greek banks extend suspension of loan payments for businesses & individuals

Greek banks, members of the Hellenic Bank Association, on Tuesday announced the extension of measures to support enterprises and individuals hit directly and indirectly by the pandemic crisis and of a moratorium on debt payments until December 31, 2020. In an announcement, the banks said they remained steadfast on the …

Read More »

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 …

Read More »

SCA: EU’s new security standards for card, e-commerce payments

Rapid changes in the payments industry, the rise of e-commerce and the constant threat of fraud have led the European Union (EU) to update its Payment Services Directive (PDS), which has regulated the electronic payment services industry since 2007. The EU’s new PSD2 directive (2015/2366/EU), has gone into effect as …

Read More »

“MPs would receive €24,000 in retroactive payments” stirs Greece’s political kitchen

Greek lawmakers secretly voted last week that they are also entitled to retroactive salary payments as those civil servants in the category of special payrolls, media reported on Monday. According to a press release issued on November 12 by the Union for the Protection of Labor (ENIPEKK), each lawmaker is …

Read More »

Belgium to pay €222mn to Greece in SMP profit return from Greek bonds

Belgium will pay a total of 221.8 million euros to Greece in the context of profit central banks made from Greek bonds, Belgian business newspaper L ‘Echo reports. The money is from the ECB and EZ central banks Security Markets Program. “In the midst of a crisis, the European Central …

Read More »

IMF : Greece has right to “bundle” four June payments into one

Greece’s deadline for repayment to the International Monetary Fund is coming close, while the options for agreement with creditors remain unclear. Without agreement there is no bailout funding for cash-strapped Greece that struggles to avoid a “credit event” on June 5th, when €300 million are due to the IMF. Greece’s …

Read More »