European Payment Cards Yearbook

Cyprus - Summary

	Price: £50.00
Market Overview
Payment Organizations	JCC Payment Systems

Market Structure	JCC, owned by the major banks, is the central body in the card payments market, managing the POS and ATM infrastructure and acquiring transactions. The credit card sector has been relatively mature for some years, but the debit card base is growing strongly and cheque use has begun to decline. Value and number of POS payments exceed ATM withdrawals. Debit card payments per capita doubled between 2005 and 2010.

Major Issuers	Bank of Cyprus, Marfin Popular Bank.

Major Acquirer	JCC

Key Statistics 2010
Population	803,800
Cards	Debit: 805,000 Delayed debit: 76,000 Credit: 492,000 Total: 1,373,000