articles | 15 May 2014

Cyprus merchants prefer IMSP for card payments

A survey conducted by RAI Consultants in March 2014 for the purpose of evaluating the card payment providers that operate in Cyprus, shows that IMSP customers maintain a very high satisfaction rating both for services as well as transaction speed, claiming this is because of IMSP’s state of the art secure payment technology.

The survey found that 92% of IMSP customers stated they had absolutely no problems with the service offered to them and 7 out of 10 chose to use the IMSP terminals exclusively due to their lower charges, their speed in processing transactions, customer service and technical support. 

Furthermore, 8 out of 10 IMSP customers confirmed that they would recommend IMSP to other merchants, while 86% of merchants declared that they are completely satisfied with IMSP and are not interested in changing service provider in the near future. 

IMSP was launched in early 2009 and taken over in 2012 by FBME Card Services (FBMECS), part of the FBME Bank Group. 

The island’s dominant provider has been JCC Card Payments, established in 1989, which is 75% owned by Bank of Cyprus, with the balance held jointly by Hellenic Bank, National Bank of Greece (Cyprus), Piraeus Bank and Alpha Bank.

Source: Financial Mirror

Cooperation Partners
  • Logo for Cyprus Investment Funds Association
  • Logo for Ministry of Energy, Commerce, Industry and Tourism
  • Logo for Love Cyprus Deputy Ministry of Tourism
  • Logo for Cyprus Shipping Chamber
  • Logo for CYFA Cyprus
  • Logo for Invest Cyprus
  • Logo for Cyprus Chamber of Commerce and Industry
  • Logo for Association of Cyprus Banks
  • Logo for Cyprus International Businesses Association