Businesses must allow card payments or face fines, inland revenue says
The island’s inland revenue service on Friday warned businesses that they must adopt the use of card payment machines or risk hefty fines. In a...
credit cards
Number of POS terminals up 15 per cent as cashless transactions rise
Point of sales (POS) terminals have seen a 15 per cent rise in Cyprus between 2018 and 2020, according to a survey of 14 countries...
All state health centres will soon accept credit card payments
Payments with credit cards will soon be accepted at the 38 health centres under the state health services organisation (Okypy), it was announced on Monday....
Businesses, doctors obliged by law to accept card payments (Updated)
The cabinet on Wednesday approved a finance ministry decree obliging doctors, lawyers and retail businesses among others to accept plastic money in a bid to...
Credit-card theft suspect arrested in Limassol
A 34-year-old man was arrested in Limassol late Monday for trying to use what was suspected to be a stolen credit card at a kiosk....
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...
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...
