Recognizing Digital Leadership In FX Services
The Bank of Cyprus (BoC) has been distinguished as the ‘Best Foreign Exchange Bank in Cyprus’ at Global Finance’s prestigious Gordon Platt Foreign Exchange Awards. This accolade underscores BoC’s unwavering commitment to advancing digital foreign exchange services and exceptional client support.
Innovative Approach And Market Impact
Global Finance based its decision on robust metrics including transaction volume, market share, global outreach, competitive pricing, and customer service excellence. Evaluations blended quantitative data with expert insights from respected analysts, corporate executives, and technology specialists. The bank’s dynamic digital upgrade, particularly through its cutting-edge BOC eFX Convert platform, has been pivotal in capturing a broader client base. Notably, 2025 has witnessed a significant upsurge in user numbers and transaction volumes, with both established corporate clients and emerging organizations drawn to the platform’s superior performance.
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Tailored Financial Solutions For Business And Retail
BoC remains the island’s exclusive provider of real-time currency conversion services. Its comprehensive strategy for business clients features live pricing and extended operating hours via 1bank Internet Banking and the 1bank mobile app, available on weekdays from 7:30 am to 11:00 pm. At the same time, retail customers enjoy fintech-like benefits with the reliability of a longstanding banking institution.
Empowering Customers With Quick And Secure Access
The introduction of Quick Accounts for individual subscribers facilitates immediate account setup and instant Visa debit card issuance. Users can seamlessly convert currencies between the euro, sterling, and US dollar on a round-the-clock basis at real-time rates. Further, the facility to execute GBP and USD payments directly from Cyprus through SWIFT—combined with preferential pricing, commission-free FX, and special incentives for students—positions BoC as a leader in customer-centric financial innovation.
Global Recognition And Continued Excellence
Since its inception in 1987, Global Finance has cultivated a reputation for recognizing excellence among global financial institutions. With a presence spanning 188 countries and the FX awards named in honor of the influential Gordon Platt, this recognition solidifies BoC’s status as a forward-thinking institution addressing both traditional and emerging market needs.
