A study conducted by IME GSEVEE on behalf of Visa highlights the growing role of digital payments in the daily operations of businesses in Greece, particularly focusing on small and medium enterprises (SMEs). This research marks the first in-depth examination of the business-to-business (B2B) payment practices among SMEs in Greece, shedding light on current trends in financial transactions.

The findings indicate that one in two SMEs in Greece has adopted card payments for covering business expenses, with 30% of these firms reporting that they pay more than 50% of their expenses using this method. Additionally, over 90% of SMEs engage in online purchases, where cards are the dominant payment method, utilized by 54% of businesses. Furthermore, 42% of companies indicated that the use of cards has positively impacted their operations, suggesting a shift toward more efficient and modern purchasing practices.

The implications of these findings are significant for the future of business transactions in Greece, suggesting that as SMEs increasingly adopt digital payment methods, this could enhance the overall efficiency and competitiveness of the sector. The study not only reflects changing consumer behavior but also emphasizes the importance of adapting to new technologies in the realm of business finance, which may lead to further innovations and improvements in service delivery in the long run.