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Number of payment cards with a debit function in Cyprus 2013-2019

The total number of payment cards with a debit function in Cyprus from 2013 to 2018 (in thousands) generally rose over time. In 2018, there were approximately 898 thousand cards with a debit function in Cyprus. The following year saw the highest amount of debit cards recorded in Cyprus in the period of time, with over 1 million cards with a debit function. As of 2019, almost each citizen owns a debit card in Cyprus (0.93 debit cards per capita).

Total number of payment cards with a debit function in Cyprus from 2013 to 2019

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Source

Release date

September 2020

Region

Cyprus

Survey time period

2013 to 2019

Supplementary notes

According to the European Central Bank definition, "Card with a credit function enables cardholders to make purchases and in some cases also to withdraw cash up to a pre-arranged ceiling. The credit granted can be settled in full by the end of a specified period or may be settled in part, with the balance taken as extended credit on which interest is usually charged. The holder is sometimes charged other fees, such as an annual fee. The distinguishing feature of a card with a credit function, in contrast to a card with a debit function or a delayed debit function, is the contractual agreement granting the cardholder a credit line allowing for extended credit."

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