Cyprus Mail
Business

Plastic money use up 7% in January, JCC says

By Stelios Orphanides

The value of plastic money transactions by Cypriots increased an by 7 per cent in January to €212.2m, compared to last year, the payment processing company JCC said.

The value of transactions and cash withdrawals abroad by holders of Cypriot cards rose 14 per cent to €125m in January compared to the respective month of 2016, JCC said. Holders of non-Cypriot cards purchased goods and services worth €39.1m in January which was 22 per cent up on 2016.

The value of transactions of holders of Cypriot cards in the Turkish held areas of the island and in Turkey last month was €710,101 and €173,716, JCC said. Holders of Turkish cards spent in January a total of €1.6m for purchases in the government controlled areas.

Related posts

UK office landlords may not see immediate threat from hybrid work

Reuters News Service

End of furlough brings uncertainty for UK jobs and economy

Reuters News Service

Hellenic Bank: volunteer actions focused on people and the environment

CM Guest Columnist

Facebook puts Instagram Kids on hold amid criticism of planned app

Reuters News Service

Tourism sector must focus on sustainability, stakeholders told

Kyriacos Nicolaou

Cyprus Business Now

Kyriacos Nicolaou

1 comment

Comments are closed.