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.