European Statistical Payment Card Yearbook

Cyprus - Summary

 

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Market Overview

  
Payment Organization

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

   
Domestic Card Brands

None.

   
Market Structure

JCC is the central body in the card payments market, managing the POS and ATM infrastructure and acquirer transactions.

The credit card sector has been relatively mature for some years, but the debit card base is growing strongly.

Cheque use declined by 20.8% since 2007.

Value and number of POS payments exceed ATM withdrawals. Debit card payments per capita doubled between 2006 and 2011.

Around 40,000 Russians live in Cyprus for at least half the year. Thus Russian language at ATMs and POS terminals was enabled.

   
NEW: Notable Market Trends Debit card use now higher than credit card use; contactless cards.
   
Updated: Information about Major Issuers, Major Acquirers, Major Processors, Consumer Finance Indicator.
   

Statistical Key Figures 2011

  
  provided in this profile:
 
  • UPDATED: tables with card business data 2007-2011; 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, e-Commerce by value and growth rate
  • Drill down into the debit card use and credit cards use details
   
For more details about the structure of this country profile please refer to the country report sample.

 

 

 

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