Cyprus Business Now

08 February 2022

Cyprus Business Now

  • 08 February 2022

The volume of credit card transactions rose by 72 per cent between September and November of 2021, according to data provided by credit card processing company JCC to the Cyprus News Agency (CNA).

The period in which the increase took place coincides with the implementation of a recently enacted piece of legislation that mandates that all companies accept cards as a means of payment.
 
Regarding specific categories in which the volume increase was observed, these include catering services (58 per cent), electrical and electronics stores (39 per cent), fuel sales (38 per cent), as well as hairdressers and beauty salons (35 per cent).
 
 
 
Continue reading at source: Cyprus Mail

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