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Value of credit card payments in Cyprus 2012-2018

This statistic shows the total value of credit card payments in Cyprus from 2012 to 2017 (in billion euros). In 2017, credit card payments in Cyprus reached a total value of approximately 1.4 billion euros. This is roughly the same value reached in 2015. Since 2013, credit card use in Cyprus stayed relatively the same. For many markets in Central and Eastern Europe, the regulatory and financial support afforded by the European Union membership provided strong potential for sustained growth in the credit card market. For example, for Czechia, the penetration of credit cards was 25 percent in 2019. However, a relatively high penetration (in the context of the region) was also observed in two of the non-EU economies of the region: Russia and Ukraine. Some other countries are still lagging behind, for example Romania, with credit card penetration of 12 percent as of 2019.

Total value of credit card payments in Cyprus from 2012 to 2018

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Source

Release date

August 2019

Region

Cyprus

Survey time period

2012 to 2018

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