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Credit card use down 5 per cent

January 15, 2014

CREDIT card transactions dropped 5 per cent to 2,156m last year over 2012, according to figures released by JCC payment systems, while transactions with credit cards in the domestic market in December reached 222.5m, marking a decline of 4 per cent year on year. Credit card payments to utilities and electronic shops increased by 4 per cent in December, while payments to public organisations, shopping malls, clothing and music shops declined. Purchases and cash withdrawals abroad for 2013 declined by 10 per cent reaching 1.261m. For December, purchases and cash withdrawals declined markedly, dropping 18 per cent year on year to 98.8m. However, credit card transactions by tourists in Cyprus last year reached 544m, an increase of 2 per cent year on year, whereas purchases by tourists using a credit card in December 2013 increased by 7 per cent to 27.5m. Send to Kindle

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Source: Cyprus Mail

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