How technology and electronic transactions transform the business landscape and consumer experience.
The gradual retreat of cash use and the rise of electronic transactions create a new reality for the economy. Technological developments and the increasing need for convenience and security in transactions have accelerated the transition to digital payments, forming a more modern and flexible business environment.
In Greece, the digital economy is constantly gaining ground. The use of cards and electronic wallets is increasing as both consumers and businesses are looking for speed, ease and greater transparency in their transactions. According to a recent survey by Payments Europe (October 2024), 83% of traders in Greece plan to enhance the use of digital payments within 2025confirming market shift to electronic transactions.
The change in consumer behavior
Greek consumers are quickly adapting to the digital payment environment. Increased confidence in debit and credit cards, as well as solutions such as digital walletshighlights the shift to a more modern and safe trading system. The pandemic has greatly accelerated this change, as intact payments became part of everyday life, offering speed and convenience to transactions. Today, the ability to pay with a simple tap on the mobile or card It has reduced cash dependence, and consumers say they feel more secure and ease in their markets.
The contribution of digital payments to economic growth
Digital payments promote the financial inclusionenabling more businesses, even to freelancers, who had previously had difficulty acquiring banking services, to enter the digital economy. In addition, they reinforce the transactionsreducing the waiting time in the funds and improving the overall consumer experience. The development of digital payments can also boost the tourism industry, as visitors from abroad mainly use cards and electronic wallets in their transactions.
The role of small and medium -sized enterprises in digital transition
SMEs and freelancers play a decisive role in the adoption of digital payments. The transition from traditional methods, such as cash, to more innovative solutions, such as modern POS and electronic payment platforms, provides them with New opportunities to grow. Payment providers now offer solutions specially designed for small and medium -sized enterprises, by zero or low commissions. These are technologies that reduce trading costs but also facilitate the daily operation of a business. An example is the Android Pos portable and intact, which allow entrepreneurs to receive payments wherever they are, enhancing the flexibility and service of their customers.
Opportunities for Businesses in the New Paying Age
There are opportunities for traders and entrepreneurs to use low -cost solutions for their transactions, improving the payment experience and reducing their operating expenses.
Eurobank works with Worldline in Greece (Worldline Greece & Cardlink, A Worldline Brand), one of the largest card acceptance and clearance companies, and offers innovative services that improve business operations. The new solution aims to meet the needs of small and medium -sized businesses or freelancer that make a limited number and low value trading with POS and Their annual turnover in card transactions does not exceed 48,000 euroswhile at the same time looking for the lowest to ideal zero transactions supply by utilizing a state -of -the -art Android POS technology. These are the Worldline Easy Transaction Packages Available in 3 Alternative Publications – Classic, Advanced & Premiumdepending on business turnover and cover all consumer, debit, Visa & Mastercard credit cards as well as all available digital wallets (Google Pay, Apple Pay, Samsung Pay, Garmin Pay). It is worth noting that with the acquisition of one of the Worldline Easy Transaction Packages, the businessman is staying with daily charges, since he can secure up to 0% supply for a predetermined number of transactionswith an Android terminal of state -of -the -art technology and the ability to interface on the Mydata platform.
Challenges and solutions
Despite significant progress, the transition to digital payments is accompanied by challenges. Consumer training and businesses in the use of new technologies is important so that they can fully utilize the capabilities of electronic transactions. In addition, issues such as cyber security and personal data protection must be at the center. Electronic transaction security is a priority for banks and payment providers, which are constantly investing in modern protection technologies, so It is important to have the right partners that will be able to offer you the help and solutions you need.
The future of digital payments is particularly dynamic. With the growing adoption of innovative solutions, the continuous upgrading of technology and the enhancement of security, electronic transactions will be an important part of the new economic reality. Businesses that will invest in these solutions in time will increase their effectiveness and shape a more modern, flexible and safe business environment.
Source: Skai
I am Janice Wiggins, and I am an author at News Bulletin 247, and I mostly cover economy news. I have a lot of experience in this field, and I know how to get the information that people need. I am a very reliable source, and I always make sure that my readers can trust me.
