Cyprus state payments shift to digital methods

Data from the Cypriot Treasury for the first half of 2026 shows that 85% of state revenue is now collected through bank transfers, marking a near-complete transition to digital transactions. According to Accountant General Andreas Antoniadis, card payments account for an additional 11% of total revenue—comprising 10% through online channels and 1% via physical terminals—leaving traditional cash payments at only 4% of the total.

This shift reflects a systematic effort to transition government operations toward full digitalization. As part of this broader strategy, the Treasury officially signed a contract on August 12, 2026, with VivaBank. The agreement aims to streamline and manage the processing of electronic transactions for the public sector. The implementation of this contract is expected to further stabilize and enhance the infrastructure for state payments, reinforcing the trend toward a cashless public finance environment.