Cypriots warming to plastic money

Consumers in Cyprus are increasingly turning to plastic money, reflecting the transformative impact of digitisation and emerging technologies in the payment landscape, according to a European Central Bank report. In the first


RCB starts winding down

RCB Bank has embarked on an “orderly winding down” of its Cyprus banking operations, following the announcement a month ago of the transfer of shares held by Russian entities to local stakeholders,


Accepting credit cards compulsory from September

From 20 September, all businesses offering services are legally obligated to accept credit card payments, but smaller retailers are asking the authorities for some ‘slack’ due to increased operating costs. From kiosks

COVID19: Cypriots turn to cards not cash

Cypriot consumers are increasingly turning to credit cards rather than traditional cash payments for their daily needs as a safety precaution during the coronavirus pandemic, data shows. According to data given to

JCC, RCB hike contactless limit to €50

Two rival card payments handlers have hiked the amount for cashless payments to alleviate worries of people touching keypads to insert their PIN numbers amid the coronavirus scare, as card use rises