Domestic credit card spending up 4% in November 2014

Cypriots spent €179,6 million for purchases in Cyprus in November 2014, 4% more compared to the respective month a year before, JCC Payment Systems said.

In January to November, domestic credit card spending rose 5% to over €2 billion, JCC, which is owned by Bank of Cyprus, Hellenic Bank, National Bank of Greece (Cyprus), Piraeus Bank and Alpha Bank said in an emailed statement today.

Overall cash withdraws with the use of credit card and credit spending abroad rose 1% in November and fell 9% in the first nine months of the year respectively to €97,8 million and below €1,1 billion, the statement said.

Tourist spending in Cyprus with the use of credit cards rose 16% in both November and January to November, to almost €40 million and €599,8 million respectively, JCC said.

The amount spent by Turkish Cypriots for purchases with the use of credit cards in the government controlled areas was €1.7 million in November and €14.8 million in January to November, JCC said.

In November, holders of local cards spent in the Turkish occupied areas of Cyprus and in Turkey €376,728 and €643,538, according to the JCC figures. Respective amounts in January to November were €5.9 million and €4.7 million.

Source: Cyprus Mail