06/10/2005 15:23
Credit card transactions in September 2005 accelerated. According to JCC data released on Thursday, the use of credit cards in September recorded an increase of 13% against 8% in 2004. For January-September, however, credit card transactions slowed down, recording an increase of 10% against an increase of 13% in the corresponding period of 2004.
The value of domestic credit card transactions stood at £51.5 million in September against £45.5 million in September 2004. For January-September, it reached £467.3 million against £424.2 million in the corresponding period of 2004.
The total value of credit card transactions by Cypriots abroad in January-September recorded an increase of 16% to £127.9 million (2004: £110.3 million). In September, Cypriot credit card users spent £16 million abroad against £13.9 million in September 2004.
Total credit card transactions by Cypriots in January-September 2005 reached £60 million.
Credit card transactions by foreigners slow down
Credit card transactions by foreigners in Cyprus increased by 5% in January-September against an increase of 9% in the corresponding period of 2004.
In September, the value of transactions by foreign credit card users stood at 3% against 4% in 2004.
The value of domestic credit card transactions stood at £51.5 million in September against £45.5 million in September 2004. For January-September, it reached £467.3 million against £424.2 million in the corresponding period of 2004.
The total value of credit card transactions by Cypriots abroad in January-September recorded an increase of 16% to £127.9 million (2004: £110.3 million). In September, Cypriot credit card users spent £16 million abroad against £13.9 million in September 2004.
Total credit card transactions by Cypriots in January-September 2005 reached £60 million.
Credit card transactions by foreigners slow down
Credit card transactions by foreigners in Cyprus increased by 5% in January-September against an increase of 9% in the corresponding period of 2004.
In September, the value of transactions by foreign credit card users stood at 3% against 4% in 2004.
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