Bank Of Cyprus Digital Users Reach 504,000 As Transactions Grow

Cyprus has seen increased adoption of digital banking services, according to data from Bank of Cyprus. Digital channels are now a primary interface for both retail and business customers.

Significant Growth Through Digital Channels

In 2025, Bank of Cyprus added 10,461 new users to its mobile app, bringing the total number of active digital customers to 504,000. QuickPay recorded 249,000 active users, processing 881,000 transactions worth €101.1 million in December alone. Transaction volumes increased 13.7%, while transaction values rose 17.9% compared with December 2024.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Expanding Digital Services Beyond Transactions

Digital platforms also supported the issuance of 32,065 new debit cards in 2025. Insurance activity increased, with motor and home insurance registrations reaching €698,900, up 12% year over year. Products such as Fleksy and the Joey app recorded additional user activity and transaction growth.

From Technology To Enhanced Experience

Panicos Nicolaou, CEO of Bank of Cyprus, said customer expectations are increasingly focused on digital service quality and usability. Digital services are also expanding access to financial tools for small businesses and other customer segments.

Global Recognition And Strategic Transformation

Global Finance awarded Bank of Cyprus 11 prizes at the World’s Best Digital Bank Awards 2025, including categories related to digital transformation and social media services. The bank said its integrated B2B and B2C platforms support the continued expansion of digital services.

Digital Banking Adoption Trends

Data from 2025 show continued growth in digital usage across banking services in Cyprus. Banks are increasing investment in digital infrastructure as customer activity shifts toward online and mobile platforms.

The Future Forbes Realty Global Properties

Only 1% Of Cyprus Farms Use Precision Farming Technologies

by THEFUTURE.TEAM

July 24, 2026

Cyprus remains one of the European Union’s least digitised agricultural economies, with just 1% of farms using precision farming technologies in 2023, according to Eurostat.

The findings come as the EU continues to encourage the adoption of digital tools aimed at improving agricultural productivity, efficiency and sustainability.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Internet Access Expands, But Digital Uptake Lags

Internet access has improved across the bloc, although adoption remains uneven. Eurostat found that 43% of EU farms had internet access in 2023, with northern and central European countries leading the way.

Denmark, Germany, Slovakia, Latvia, the Czech Republic and Austria all reported internet access rates above 90%.

Greater connectivity, however, has not translated into widespread digital adoption. Farm management information systems, which help farmers manage day-to-day operations, were used by only about 11% of EU farms. France was a notable exception, with around 60% of farms using the technology.

Precision Farming Concentrated In Larger Operations

Robotics adoption also remained relatively limited, with only about 7% of EU farms using robotic technologies. Overall, around 18% of farms with utilised agricultural area employed at least one precision farming technology or practice in 2023.

These included robotics for plant protection, band spraying, variable-rate application, precision crop monitoring and soil analysis. Despite representing fewer than one in five farms, these holdings accounted for around 44% of the EU’s utilised agricultural area.

The figures suggest that precision farming remains concentrated among larger agricultural businesses, where investment in digital technologies is typically easier to support.

Cyprus Lags Behind EU Leaders

Luxembourg, Finland and Estonia recorded the highest shares of utilised agricultural area managed by farms using precision farming technologies, each exceeding 75%.

At the other end of the ranking, Cyprus recorded just 1%, while Greece and Romania reported between 10% and 15%. The results indicate that Cyprus remains at an early stage of digital adoption in agriculture, even as precision farming becomes more widespread across parts of the European Union.

Breaking news