Use of payment cards records annual increase in January

The usage of local bank cards in Cyprus increased by 9% in January this year, compared to the same month last year, reaching Euros 227.1 mn, according to JCC.

The card processing company said on Wednesday that the usage of local bank cards for purchases and cash withdrawals abroad recorded an annual increase of 13% in the first month of the year to Euros 141.8 mn.

Purchases and cash withdrawals in Cyprus with foreign cards increased significantly by 14% compared to January 2017, reaching Euros 62.5 mn.

Source: Cyprus News Agency