Greek Finance Minister Euclid Tsakalotos on Monday announced, while speaking in Parliament, that a draft bill on expanding e-transactions in the country will be tabled in the next 10 days.
The minister also said an “observatory” to monitor costs and fees slapped on electronic transactions will be set up in roughly three months, part of an effort to ascertain whether a relevant EU directive on inter-bank transactions is being implemented in Greece.
Electronic transactions, using debit cards but also increased use of credit cards, skyrocketed in the country after the imposition of capital controls in late June 2015. Capital controls are still in place, with depositors of Greek banks able to withdraw 420 of their money in cash per week.
