Mobile banking

Greek citizens are set to benefit from significant reductions in banking transaction fees as a sweeping legislative package, designed to ease financial burdens, comes into effect in January.

National Economy and Finance Minister Kostis Hatzidakis has called on banks to slash their charges once again.

From the stage of the Athens Innovation Forum 2024 on Thursday, he asked them to further expand electronic transactions, realizing, as he said, that "they operate in the context of a society with specific capabilities and that excesses harm them too."

Last year was an all-time benchmark for alternative digital networks in the domestic banking system, with almost all monetary transactions taking place outside bank branches, a development that seemed extremely elusive at the beginning of the last decade.

Over 90% of bank payments were made via internet and mobile banking in 2022, highlighting the dominance of electronic networks in daily transactions, which have almost completely replaced cash transactions at the counter, but also a significant part of transactions at ATMs.

Banks are offering transaction packages in the form of monthly subscriptions that can lead to savings ranging from 7 to 44 euros a month.

Ljubljana – Mobile banking apps are being used by more and more Slovenians, the number of mobile bank users among natural persons having already surpassed the number of online banking users by the middle of this year.

Do you use mobile banking? If so, congratulations - you are a minority. Only 1 in 8 Bulgarians has such a service on their phone or computer.

And if you use the Internet - which would make sense if you read this article - you do it from one of the worst connected areas in Europe.

As of this Friday taxpayers will have to fork out between 1.10 and 1.50 euros for every transaction conducted at their bank's counter to pay their dues to the state.

Turkish consumers have shown the highest demand for mobile banking across Europe, with Turkey the only country where more than half the population uses mobile banking services, a survey by ING Group showed April 9.