Cyprus Mail

Cypriots spend less with plastic money in January

By Stelios Orphanides

The value of transactions with the use of plastic money by holders of Cypriot cards in Cyprus dropped 4 per cent year-on-year in January to €198.5m, JCC Payment Systems said.

The amount spent in the first month of the year by holders of Cypriot cards abroad rose 13 per cent to €109.2m, JCC, the payment processing joint venture of Cypriot banks said in an emailed statement. Visitors spent a total of €32.1m in January, a 4 per cent rise compared with the previous year.

Holders of Turkish cards spent €1.7m in January in the government controlled areas, JCC said. Transactions worth €566,585 and €270,146 were carried out in the occupied north and Turkey respectively.

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