Cyprus Mail
News in Brief

Card use down

THE use of plastic money fell 10 per cent between January and May, card transaction processing company JCC said on Wednesday.

JCC said local card use in the first five months of the year reached €837.9 million, a 10 per cent year-on-year drop.

The average amount was €69 compared with €73 in 2012, the company said.

May transactions were also down 7.0 per cent to €158.2 million.

Cypriot card use abroad recorded a slight decrease in the first five months – 1.0 per cent to 562.2 million.

This included purchases and cash withdrawals, JCC said.

May recorded a sharper drop – 15 per cent or €101.7 million.

Meanwhile, foreign card use in Cyprus chalked a 1.0 per cent rise between January and May, reaching €161.6 million.

May also saw a 1.0 per cent increase in foreign card use, which reached €53.3 million.

The foreign card figures only included sales.

Foreign cards used in Cyprus — sales and cash withdrawals – dropped 2.0 per cent, JCC said.

JCC said a rise of local card use was observed in the government and utilities sectors.

Petrol stations, DIY stores, restaurants and bars, travel agents, hotels, and clothing and shoe stores, all reported a decrease in the use of local plastic money.

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