Payment Card Year Books

Cyprus 2020/2021

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  • Regular price £240.00


Payment Organisation

JCC Payment Systems; JCC is owned by five major banks.

Domestic Card Brand

None.

Market Structure

JCC is the central body in the Cypriot card business market, managing the domestic POS/ATM networks and most acquirer transactions.

The credit card sector has been relatively mature for some years, but debit card use is now higher than credit card use. 

POS payments have outnumbered ATM withdrawals by value and by number. 

Economic Adjustment Programme (€10 billion) agreed between the Cypriot authorities and the ‘Troika’; Cypriot bank sector restructured in 2012-13 following the euro crisis. 

Emerging Open banking ecosystem. 

Notable Market Trends

Contactless cards, MPOS terminals, QR-codes, no NFC pilot.

STATISTICAL KEY FIGURES FOR 2019 PROVIDED IN THIS PROFILE:

 UPDATED: tables with card business data 2015-2019; growth rates: Y-o-Y, CAGR
 Population, Cards per Capita, Card Value per Capita
 Debit Cards, Credit/Delayed Debit Cards, Total Cards
 Card payments by number and by value, ATV per card, payments per card/year
 ATMs, POS terminals, ATMs/POS terminals per 1 million capita
 ATM withdrawals by number/by value, ATV per withdrawal, TXs per ATM/month
 POS payments by number/by value, ATV per POS payment, TXs per POS/month
 Internet Use, e-payment mix, B2C e-Commerce by value and growth rate
 Issued Card brands by individual major issuer bank
 Accepted card brands by individual major acquirer
 Drill down into the debit card use and credit cards use details

PRODUCT INFORMATION

Digital product provided in PDF format. You will receive a download link to a zip file containing your files after checkout. 

VERSION

1.1 last updated 19th January 2021