Cyprus Mail
Business Cyprus

Credit card transactions surge 15% in March

The value of transactions Cypriots carried out in Cyprus in March with the use of plastic money rose 15 per cent to €225.8m compared to the respective month of 2016, company JCC Payments Systems Ltd said.

As a result, the value of transactions with the use of bank cards in the first quarter of the year rose an annual 10 per cent to €633.2m, the payment processing company said in an emailed statement.

The value of transactions by holders of Cypriot cards abroad rose last month 15 per cent to €113.4m and in January to March 13 per cent to €368.2m compared to the respective period of 2016, JCC said. Visitors used their cards for purchases in Cyprus to the value of €52.6m last month and €131.5m in the first quarter compared to the respective period last year

The value of transactions of holders of Cypriot cards in the Turkish occupied areas and Turkey was €688,434 and €156,806 in March and €2m and €501,863 in the first three months of the year respectively, JCC said. Holders of Turkish cards spent in March €2m for purchases in the government controlled areas and €5.6m in the first quarter.

Related posts

UK office landlords may not see immediate threat from hybrid work

Reuters News Service

Coronavirus: Where those eligible can get a free test on Wednesday

Stavros Nikolaou

End of furlough brings uncertainty for UK jobs and economy

Reuters News Service

Government set to introduce measures to encourage people to have families

George Psyllides

Fires in Limassol district under control (updated)

Gina Agapiou

PACE committee sending rapporteur to Cyprus for Famagusta report

Evie Andreou