Cyprus Mail
News in Brief

Credit card purchases down

CREDIT card purchases in Cyprus recorded a decrease between January-July 2013, compared to the same period last year, according to data released by JCC.

The purchases during the above period stood at €1.2 billion, down 9.0 per cent compared to last year. The amount of transactions carried out by visa cards was also down by 4.0 per cent. The average amount per  transaction was €69 compared to €73 in 2012.

According to the data, in July some €186 million worth of goods and services were purchased using credit cards, a decrease of 5.0 per cent compared to July 2012.

Over 2.0 per cent of all transactions were in supermarkets, 12.26 per cent for clothing, shoes and accessories, 10.6 per cent at petrol stations, 6.8 per cent at pubs and restaurants and 4.3 per cent for utility bills.

As regard the purchases and cash withdrawals by Cypriots abroad, the JCC data show a decrease of 4.0 per cent between January-July 2013.

Those transactions amounted to €763 million, and the average transaction was €129 compared to €137 last year.

The July records show a decrease in purchases and withdrawals abroad  of 12 per cent, amounting to €104 million.

The data also show an increase of 2.0 per cent in the use of credit cards by tourists in Cyprus, accounting for €287 million. The July increase was 3.0 per cent and amounted to €66 million.

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