In recent years, with the rapid development of electronic payments and e-commerce, financial fraud has increasingly threatened the safety of consumers worldwide! Recently, in response to issues such as transfer fraud, the European Union upgraded the "Payment Services Directive" (PSD) regulating the electronic payment services industry, which includes "Strong Customer Authentication" (SCA), officially taking effect on September 14!
At the same time, the Hellenic Bank Association (HBA) announced new changes to electronic payments on the same day, which have attracted significant attention! Starting from September 14, citizens of the EU, including Greece, must undergo stricter identity verification when using electronic banking or making payments to online merchants. The verification method consists of two or more elements, including bank passwords, SMS verification codes, fingerprint recognition, facial recognition, and voice recognition.
The Hellenic Bank Association stated that the new security requirement "Strong Customer Authentication" (SCA) applies to the following types of transactions:
▶ Contactless payments at POS terminals. When the amount exceeds a certain limit, the cardholder will be required to use a personal identification number to complete the transaction. Common methods include entering a bank password, SMS verification code, fingerprint recognition, facial recognition, or voice recognition.
▶ Personal payments in an e-commerce environment. Issuing institutions (banks, electronic money institutions, etc.) will be required to provide strong proof of the cardholder's identity and their transaction.
It is reported that "Strong Customer Authentication" (SCA) applies to electronic transactions within the EU, including all credit cards, debit cards, and prepaid cards. Additionally, after September 14, there will be a limit of 150 euros for password-free contactless payments. Once the cumulative amount exceeds 150 euros, even if the transaction is below 25 euros, a password must be entered at the POS terminal. Each time a password is used for a transaction, the 150-euro limit will be reset. Relevant experts indicate that this regulation aims to make payments safer, simpler, and more efficient, reducing the incidence of credit card fraud!
It is well known that Greece is one of the most popular tourist destinations in Europe, with over 3,000 islands scattered across the Aegean and Mediterranean Seas, attracting a large number of tourists from around the world each year. The implementation of the new EU policy is very beneficial for tourists spending in Greece!
Greek Real Estate Investment Immigration: Achieve Identity and Investment
With the recovery of the Greek economy and the reduction of the "Single Property Tax" and other policies, the recovery momentum of the Greek real estate market is becoming increasingly evident. Through the Greek real estate investment immigration program, starting from an investment of 250,000 euros, families can obtain Greek permanent residence visas, travel freely across 26 Schengen countries, and also acquire properties with permanent ownership, achieving multiple benefits.
WorldWay Group, as one of the early immigration agencies promoting the Greek real estate investment program in China, has partnered with strong Greek developers to introduce another significant real estate project to investors—the new apartment project in downtown Athens, starting from 257,000 euros, allowing the purchase of two new apartments in downtown Athens.
Overview of the New Apartment Project in Downtown Athens
Project Type: Apartments & Shops
Unit Type: 1 Bedroom, 1 Bathroom
Price: Starting from 117,000 euros
Project Highlights: Prime location with convenient transportation; enjoy views of the Acropolis; elegant design with relatively complete basic facilities; starting from 257,000 euros, two apartments can be purchased, and the purchase can grant the Greek Golden Visa to three generations of the family.
The project consists of 54 modern serviced apartments, six stories high, with nine units on each floor. The ground floor features two retail stores, and the basement has 28 parking spaces. The project also includes fitness facilities and a rooftop swimming pool for residents. From the first floor to the rooftop, residents can enjoy magnificent views of the Acropolis and downtown Athens. The modern serviced apartments provide additional comfort for tourists or a more unique travel experience.
Prime Location
Located in downtown Athens, Evelpidon area, the location is excellent, adjacent to Pedion Areos Park and the Supreme Court.
Due to the high safety of the Evelpidon area, many lawyers have established offices in the area. In addition to being a middle-class residential area, it has also become a popular area for students and young people due to its convenient access to nearby universities, shops, parks, and sports facilities.
Convenient Transportation
The project is conveniently located near a subway station, providing quick and efficient urban transportation connections.
Elegant Design with Complete Facilities
The project has complete basic facilities, close to two universities, law firms, banks, pharmacies, restaurants, cafes, etc., suitable for short or long-term living, providing residents with a comfortable home. The elegant interior design allows residents to enjoy a homely feeling. Some apartments are equipped with spacious living rooms and balconies, suitable for professionals or university students working from home. After a day out, residents can use the rooftop swimming pool and gym to enjoy the stunning views of Athens.
In the favorable economic environment of Greece, not missing out is the best investment! Investors interested in participating in the Greek investment market should act early to reap the benefits. For more details on Greek real estate investment immigration, please consult: 400-138-2929.
WorldWay Group—One of the Early Immigration Agencies Promoting the Greek Real Estate Investment Program in China
In 2013, we partnered with the Greek Embassy in China to hold the launch ceremony of "Greek Real Estate Immigration" in China, introducing this project to the country.
Senior executives of WorldWay Group have met with dozens of dignitaries, including the Greek Ambassador to China, Commercial Minister, Consul, and immigration officials.
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*The above information is for reference only and should not be used as an investment basis. The interior images of the property are for reference only and are subject to actual delivery. Investment involves risks; please choose carefully.*