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Greek Consumers Embrace Strategic Planning In Beauty And Wellness Spending

Shifting Priorities In Personal Care

Greek consumers are now approaching beauty and wellness expenditures with a renewed sense of discipline and foresight. A recent survey commissioned by Revolut and executed by market research leader Dynata reveals a pronounced shift towards viewing personal care budgets as a strategic financial category rather than an arena for impulsive spending.

Planned Spending And Financial Prudence

The findings show that 25% of respondents actively allocate budgets for personal care. Even under financial pressure, maintaining these routines remains a priority. Around 10% reported cutting back in other areas to preserve their spending on beauty and wellness, while 3% exceeded their planned budgets to maintain consistency.

Promotional Incentives And Value-Driven Decisions

Promotions continue to influence spending decisions. Around 20% of respondents said discounts encourage additional purchases. When asked what would drive further spending, 33% pointed to personalized offers, 31% to loyalty programs, and 25% to interest-free instalments. A smaller group, 9%, expressed interest in dedicated savings tools for managing personal care expenses.

Diminished Celebrity Influence And Trusted Recommendations

Survey results also indicate a shift in how consumers make decisions. Recommendations from family and friends were cited by 31% of respondents, while 17% relied on professional advice, including dermatologists. Influence from social media creators was reported by 7%, and from celebrities by 2%, suggesting a move toward more trusted and direct sources.

The Role Of Financial Technology

Ignacio Zunzunegui, Head of Growth for Southern Europe and Latin America at Revolut, commented on the evolving consumer behavior: “The findings show that Greek consumers are approaching spending on beauty and wellness with greater planning and consideration. We are seeing increasing demand for financial tools that help manage lifestyle-related spending, whether through saving, accessing benefits via purchases, or closely tracking expenses.” Zunzunegui further emphasized the role of financial technology in enabling consumers to adhere to their preferred habits while maintaining fiscal control.

This shift in personal care spending reflects a broader move toward more disciplined financial management. As consumers place greater emphasis on planning and value, rather than impulse purchases, companies in the beauty and wellness sector may need to adjust by offering more targeted promotions, flexible payment options, and personalized offers aligned with these preferences.

Eurobank Launches First UPI Cross-Border Payment From Greece To India

Eurobank has launched its first cross-border payment from Greece to India through the Unified Payments Interface (UPI), marking a new step in the bank’s international expansion and its strategy to strengthen financial ties between Europe and India.

The transaction, completed in cooperation with NPCI International, follows the launch of Eurobank’s new payment service. The inaugural payment was made in the presence of India’s Commerce and Industry Minister Piyush Goyal, Eurobank Chief Executive Fokion Karavias and senior executives from NPCI International.

A Strategic Bet On India’s Digital Payments Ecosystem

According to Eleftherios Vlachogiannis, Eurobank’s head of transaction banking, the service currently supports outgoing payments by Indian citizens living in Greece to recipients in India, representing the first phase of a broader collaboration with NPCI International.

UPI is operated by NPCI International. By integrating the system into its e-banking platform and mobile app, Eurobank enables customers to make real-time transfers.

“The most important aspect is the philosophy behind the initiative,” Vlachogiannis said. “Instead of creating another closed payment system, we are integrating mature and internationally recognised payment ecosystems into the bank’s services so customers enjoy a simple, secure and modern transaction experience.”

He added: “Innovation creates value when it delivers a genuine benefit for the customer.”

Building A Financial Bridge Between Europe And India

The UPI launch follows Eurobank’s opening of a representative office in Mumbai, making it the first Greek and Cypriot bank with a physical presence in India. The bank has also expanded its presence through the India-Greece-Cyprus Business and Investment Council, a technology centre in Pune and partnerships with Indian institutions.

Vlachogiannis said India’s economic growth and closer ties with the European Union support the bank’s long-term strategy. He also pointed to progress in negotiations on the EU-India Free Trade Agreement.

Mumbai Office Serves As A Regional Business Hub

Eurobank’s Mumbai office supports businesses seeking to establish operations between India, Greece, Cyprus and the wider European market. It provides access to banking services, business networks and market support.

For Greek companies expanding into India, the bank offers international payments, foreign exchange management, trade finance and supply chain finance. Indian businesses investing in Greece, Cyprus or elsewhere in the European Union can also access financing and corporate banking services through Eurobank.

Aiming To Strengthen The India-Europe Corridor

Looking ahead, Eurobank said it will continue investing in technology, international payments, trade finance and partnerships with Indian organisations.

“Our ambition is to act not only as a banking services provider but also as a strategic partner for businesses and investors seeking to benefit from the opportunities created by this dynamic market,” Vlachogiannis said.

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