Cyprus Plans New Mobile-Based Interbank Payment Service

Cyprus is developing a new payment system allowing customers to transfer funds using only a recipient's mobile number, with a potential launch in early 2027.

2 Sept, 04:30 — 2 Sept, 04:30

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cyprus-mail21h ago

Cyprus Business Now: tourism, IMO, bank transfers, property, Keo, inflation

Cyprus is preparing a new interbank payment service that would allow customers to send money using only the recipient’s mobile phone number, with its introduction currently being considered for the first quarter of 2027. Plans are expected to enter a more detailed stage in early September, when JCC Payments holds its first substantive meeting with members of the Association of Cyprus Banks […]

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Cyprus Plans New Mobile-Based Interbank Payment Service

Sources

Cyprus Business Now: tourism, IMO, bank transfers, property, Keo, inflation

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