Greece’s Finance Ministry is talking with banks, credit card companies and managers of Point-of-Sale (POS) systems to reduce the fees to customers and businesses who make electronic payments instead of cash.
The use of POS will be required across Greece as of April 1 – after previous attempts failed to fully utilize them with some businesses, professionals and self-employed still requiring cash to avoid taxes or saying their POS systems or Internet wasn’t working.
Source: The National Herald
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