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Credit card transactions by Cypriots decrease in 2013

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Credit card transactions by Cypriots decrease in 2013

Credit card purchases in Cyprus have recorded a decrease between January-July 2013, compared to the same period of last year, according to data released by JCC.

The purchases during the above period stood at 1.200.271 billion euro and were down by 9% compared to last year. The amount of transactions carried out by visa cards was also down by 4%. The average amount in visa transactions was 69 euro compared to 73 in 2012.

According to the data, in July the amount of transactions using credit cards amounted to 186.108 million euro, recording a decrease of 5% compared to 2012.

More particularly, 2.02% of the transactions related to supermarkets, 12,26% to clothing, shoes and accessories stores, 10,60% to petrol stations, 6,88% to pubs and restaurants and 4,35% to utility bills payments.

As regard the purchases and money withdrawals by Cypriots abroad, the JCC data show a decrease of 4% between January-July 2013.

Those transactions amounted to 763.704 million euro and the average transaction was 129 euro compared to 137 euro last year.

The July records show a decrease in purchases and withdrawals of 12%, amounting to 104.791 million euro.

The data also show an increase of 2% in the use of visa cards by tourists in Cyprus, accounting for 287.463 million euro. The July increase was 3% and amounted to 66.504 million euro.