There are no plans for further extensions for EFT-POS and cash register interconnection in Greece.

The Ministry of National Economy and Finance states in an absolute way that no new extension will be given and the interconnection of cash registers with POS, which is one of the challenges of 2024 for the financial staff, will be completed within the first months of the year. The current timetable foresees that the interconnection procedures should be completed by February 29, 2024, and by March 1, 2024, cash registers and POS should be "functioning as one." To avoid delays, a Special Working Group has been set up to monitor the implementation of the project "Interconnection of Electronic Cash Registers with POS Systems and with A.A.D.E.".

It is noted that almost all categories of professional sectors in the retail market must now accept card payments, while all freelancers will have to have a business account and accept direct payments through the IRIS system.

In addition, the mandatory use of POS-EFTs was extended to 35 professional sectors, from street markets and fairs to kiosks, taxis, convenience stores, insurance and advertising companies, theaters, and cinemas.

What is new is that although the measure applies from January 1, professionals who still do not have a POS can avoid fines until March 1st, 2024, provided that they have demonstrably ordered their card payment terminal by January 31, 2024, and are waiting for its setup and installation by the partner banks. If this deadline passes, then the prescribed fines can reach up to €1,500 and do not exclude the possibility of being charged with regular fines outside of this project.