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Discover how Cypriots like to shop and pay online
Almost 90% of Cypriots use the Internet and more than two thirds of adults in Cyprus shop online . At least a fifth of all enterprises in Cyprus now derive 1% or more of their total income from online sales, a considerable rise over the last few years . The things Cypriots most like to buy online are furniture, food and electronic devices .
Almost two thirds of adults in Cyprus use online banking, higher than the average for the EU as a whole . Over 90% of the population has a bank account. The market for digital payments is expected to grow by 16% a year between 2022 and 2027 . Any e-commerce strategy for Cyprus should include a plan for the integration of local and alternative payments into the checkout.
The information on our Insights pages has been compiled by us in cooperation with Datamatics and Wright & Brown. The data shown is partially owned by us and partially owned by GlobalData. © 2021 by PPRO Financial Ltd. No data and information can be used for any further publication without the explicit approval of PPRO.
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