Cyprus leads eurozone in card payment usage for second half of 2025

According to a report by the Central Bank of Cyprus (CBC) published on Wednesday, Cyprus recorded the highest share of card payments in the eurozone during the second half of 2025. Card payments accounted for 75% of all non-cash transactions, significantly higher than the eurozone average of 57%. Credit transfers followed as the second most frequent method at 16%, though they remained the primary method by total value, representing 84% of non-cash transaction volume by value. The average value of a physical point-of-sale transaction in Cyprus was approximately €38, compared to an average of €129 for online transactions. These figures notably exceed the eurozone averages of €33 for physical payments and €60 for online payments. The rise in card usage is attributed to increased digital adoption, the prevalence of contactless technology, and growth in e-commerce. Furthermore, despite a general decline, cheques continue to be used for specific large business and real estate transactions. The CBC report confirms a broad shift toward digital payment methods, with increases in both the volume and value of non-cash transactions.