Plastic money use up 12% in February, JCC says

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Credit-Card-150x150 Plastic money use up 12% in February, JCC says

By Stelios Orphanides

The value of transactions of holders of Cypriot cards at home rose 12 per cent year-on-year last month, to €214.6m, JCC Payment Systems Ltd said.

In the first two months of the year, the value of domestic transactions Cypriots made with their cards rose 11 per cent, to €411.7m, the payment processing company said in an emailed statement on Friday.

Cypriots used their cards for purchases and cash withdrawals abroad worth €128.7m last month, a 15 per cent annual rise, and €270.6m in the first two months of the year, up 14 per cent, JCC said.

Holders of foreign cards purchased goods and services worth €46.3m last month, which is 16 per cent more compared to February 2016, and €92.2m in January to February, a 17 per cent rise. The value of their payments and cash withdrawals rose 12 per cent, to €63.1m, and 13 per cent, to €125.6m respectively.

Last month, Cypriot cards were used for payments worth €839,044 in the Turkish Cypriot breakaway state and €253,716 in Turkey. The value of payments in the first two months of the year was €1.7m and €524,884 respectively.

Turkish cards were used for purchases in the republic worth €1.7m in February and €3.5m in January to February.

The post Plastic money use up 12% in February, JCC says appeared first on Cyprus Business Mail.

Article source: CyprusBusinessMail – Read more..

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