The Republic of Cyprus is an island country in the Eastern Mediterranean Sea, east of Greece, south of Turkey, west of Syria, Lebanon, northwest of Israel and north of Egypt. Link to external site : Website for Republic of Cyprus |  |
| Wallets | |
| Development | Developed |
| Send or Receive |
Both Register/Log In |
| GDP ($m) |
21,276.72 Register/Log In |
| HDI classification | Very High |
| Mobile Connections (m) |
1.499 Upgrade to Bronze |
| Currency | EUR |
| Class | |
| CountryISO | CY |
| Sovereignity | Country |
| Territory of | - NA - |
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{"type":"PieChart","data":[["Operator","Connections"],["Cytamobile-Vodafone",806841],["Turkcell",375395],["MTN",265245],["Telsim (Vodafone)",51393]],"options":{"title":"Connections","is3D":true}}
{"type":"ColumnChart","data":[["Year","Connections"],["Q4 2000",267126],["Q4 2001",397997],["Q4 2002",535933],["Q4 2003",706752],["Q4 2004",848252],["Q4 2005",994259],["Q4 2006",1083653],["Q4 2007",1179632],["Q4 2008",1265209],["Q4 2009",1339092],["Q4 2010",1393304],["Q4 2011",1427181],["Q4 2012",1445758],["Q4 2013",1457600],["Q4 2014",1467180]],"options":{"title":"Connections"}}
| Channel Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["Mobile",1]],"options":{"title":"Initiatives ( 1 of 1 )"}} |
| COT Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["",1]],"options":{"title":"Initiatives ( 1 of 1 )"}} |
| Persona Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["DN",1]],"options":{"title":"Initiatives ( 1 of 1 )"}} |
| Products |
{"type":"ColumnChart","data":[["Category","Initiatives"],["Card",1],["PaySys",1]],"options":{"title":"Initiatives ( 1 of 1 )"}} |
| PI Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["",1]],"options":{"title":"Initiatives ( 1 of 1 )"}} |
| Central Bank | |
| Key Regulations | |
| Type of law |
Hybrid Upgrade to Bronze |
| Legal System |
Mixed legal system of English common law and civil law with Greek Orthodox religious law influence Upgrade to Bronze |
| Law is based on | |
| Approach |
Ex Ante Upgrade to Bronze |
| Sectors active in Digital Money | |
| Exclusivity | |
| Certainty | |
| Openness | |
| Proportionate? | |
| Allowed Models |
NB Led Upgrade to Bronze |
| DominantModel |
Jointly Led Upgrade to Bronze |
| E-Money | |
| Payment | |
| Agent | |
| Money Transfer | |
| Taxation |
{"type":"Gauge","data":[["Label","Value"],["Mobile Penetration",162.24],["Banked",85],["Internet",48],["Urban",70],["Adult",81],["Literate",97.7224]],"options":{"scaleHeight":0.5,"min":0,"max":100,"redFrom":76,"redTo":100,"yellowFrom":26,"yellowTo":74}}
| Population m | 0.79 |
| Adult % | 81.00 |
| Migrants % |
15.00 Register/Log In |
| Stock Immigrants ('000) |
154.30 Upgrade to Bronze |
| Emigration Rate % |
18.40 Upgrade to Bronze |
| Internal Migrants ('000) | |
| Internal Migration Rate % | |
| Intl Movement Rate % |
23.40 Upgrade to Bronze |
| Urban % | 70.00 |
| Female % | 57.10 |
| Literate % | 97.72 |
| Annual Growth % |
| Mobile Penetration % | 162.24 |
| Banked % | 85.00 |
| Access to FS % | 0.00 |
| Internet % | 48.00 |
| Branches per 100k adults | 0.00 |
| ATMs per 100k adults | 0.00 |
| POS per 100k adults | 0.00 |
| Prepaid % | 64.50 |
| Prepaid SIM Registration | |
| MobileUnbanked (m) | 0.12 |
| Monthly ARPU |
44.00 Upgrade to Bronze |
| Cards 2010 ('000) | |
| Propensity % |
| Overall | |
| Population | |
| On Remittance Sent | |
| On Remittance Received | |
| Mobile Unbanked | |
| Migrant % | |
| MP % | |
| Banked % | |
| Development |
| Can Provide Payments? | |
| Can Market under Brand? | |
| Can issue E-Money? | |
| Can Open Customer Account? | |
| Can Own Customer? | |
| Can do Cash In/Cash Out? | |
| Can offer Domestic Money Transfer? | |
| Can offer International Money Transfer? |
| Importance for Digital Money | |
| Digital Money Adoption |
Mobile Payment Upgrade to Bronze |
| Registered Wallet Users | |
| Top Wallets | |
| Informal Market | |
| Cost To Remit | |
| Key Players |