Coronavirus: Card overthrows cash as king
Cyprus was late in the game of digital payments, but the coronavirus has helped change all that, not without controversy Sheltering-in-place during the Covid-19 lockdown...
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Credit-card use soars in first eight months
The use of credit cards soared between January and August, figures released by JCC on Wednesday showed, while a significant increase was recorded in the...
Consumers association warns shoppers no extra charge for card use
Consumers should not accept additional charges for using credit or debit cards when paying for goods and services, the consumer association cautioned on Monday. They...
Cyprus high on Russian credit-card spending list
The biggest increase in Russian credit card transactions abroad this summer compared to last year will be observed in Cyprus, Tunisia and Georgia, according to...
Christmas credit-card spending up 16 per cent so far, BoC says
Cypriots appear to be more comfortable spending this Christmas with credit card expenditure up 16 per cent at the start of the holiday season compared...
New webpage lists bank costs, BoC charges most for cheque books
The finance ministry announced on Thursday the creation of a webpage where the public can compare bank charges relating to current accounts and other services,...
Four arrested at airport with 268 credit cards
Four people were arrested at Paphos airport on Thursday evening after they tried to enter the country with 268 credit cards, which are thought to...
Plastic money use up 12% in April, JCC says
By Stelios Orphanides The use of plastic money in Cyprus rose in April 12 per cent to €225m compared to the respective month of 2017,...
Card use up 9% in January, JCC says
The use of plastic money rose 9 per cent in January to €227.1m compared to the respective month of 2016, the payment processing joint venture...
Arrest for using other people’s credit cards
A 26-year-old man was arrested on Tuesday for allegedly renting cars with other people’s credit cards. An arrest warrant was issued against the suspect after...
Plastic money transactions up 16% in July, JCC says
The value of transactions completed with plastic money rose 16 per cent in July to €250.4m compared with the respective month of 2016, JCC Payment...
UK to crack down on ‘rip off’ card fees (Update)
Britain will stop companies ranging from takeaway food apps to airlines from charging an extra fee to consumers who want to use credit cards and...
Cultural images for new BoC cards
The Bank of Cyprus on Wednesday introduced the public to their newly designed Visa and Mastercards. The bank expects to hand out 600,000 of the...
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...
JCC glitch causes hassle for Saturday shoppers (Updated)
Consumers experienced problems with paying with their credit cards in shops on Saturday morning as it appears that the system of the JCC payment system...
Georgiades mulls mandatory use of plastic money at kebab shops, surgeries
Finance Minister Harris Georgiades said authorities were considering mandating credit card machines at souvlaki shops and doctors’ offices in a bid to clamp down on...
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,...
Use of credit cards rises 11% in September, JCC says
The value of retail purchases in Cyprus by Cypriots using plastic money rose in September an annual 11 per cent to €197.1m, JCC Payments System...
Credit card spending in north and Turkey at €6m so far this year, Turkish Cypriots spent €14m in island’s south
More than €6m was spent in the north and in Turkey on credit cards issued in the government controlled areas of the Republic of Cyprus...
Plastic money use drops 5% in May, JCC says
By Stelios Orphanides Cypriots spent €165.9m for purchases in Cyprus using credit or debit card in May, 5 per cent less than May 2015, payment...
