Credit Card Transaction Analysis Ranks Greece Third Last

April 29, 2014
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As reported in an European Central Bank analysis today, Greeks are the third least likely to make credit card transactions in the European Union.

This statistic pertains to total payment revenues and usage frequency.

Credit card purchases by Greeks averaged only seven times all year, in 2012. The average for all EU member states was 79. Greeks wracked up approximately 500 euros, while total EU averages generated 4,055 euros.

Currently in the EU, credit card activity is the most frequent payment method. 40 billion card payments occurred in 2012, including 23 billion direct debits and approximately 26 billion credit transfers in all of Europe.

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