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Card payments fell in August but rose in first eight months

09/09/2014 12:38
Cypriots paid less with their cards in August, compared with the same month a year earlier, figures released by JCC showed.

The total value of transactions with cards in the local market decreased by 1% in August, compared to August 2013, reaching €179 mn.

According to JCC, there was an increase in payments in clothing, shoes and accessories stores, restaurants and hotels, while a decrease affected the government sector, DIY and household stores.

The value of transactions in Cyprus was up by 6% in the period January-August, reaching €1.4 bn, compared with the same period in 2013.

Payments made by Cypriots with local cards abroad in August dropped by 2%, to €98.9 mn, whereas a decrease of 13% was recorded from January to August, compared with the same period last year, with transactions reaching €755.8 mn.

Foreigners` payments with cards in Cyprus increased by 17% in August and reached €80.1 mn. The increase was the same between January and August, with transactions reaching €417 mn.