Bank Of Cyprus Elevates Transaction Transparency With Innovative Merchant Mapping Feature

Enhanced Transaction Transparency

The Bank of Cyprus has introduced an innovative feature that allows cardholders to view real-time merchant locations with every transaction. This enhancement, available via the BoC Mobile App and Internet Banking, offers customers unprecedented detail about their payments.

Elevated Digital Experience

Transaction records will now display clearer merchant information, including business names and logos where available. Customers can also view the location of a merchant through an integrated map, making it easier to identify where a transaction took place.

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Leveraging Advanced Technology

Bank of Cyprus said the service is powered by technology from Snowdrop Solutions. Commenting on the launch, Bank of Cyprus Director of Card Services Katerina Economidou said the new feature is intended to make transaction information easier for customers to understand and review. “We are transforming every transaction into instantly recognisable information,” she said.

Aligning With A Digital Future

The addition forms part of the bank’s broader digital services strategy. According to the Bank of Cyprus, the feature is designed to improve transaction visibility by combining payment records with merchant location data.

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Cyprus Employment Rises 1.7% To 525,167 In Q2 2026

by THEFUTURE.TEAM

September 7, 2026

Cyprus employment increased 1.7% year over year to an estimated 525,167 people in the second quarter of 2026, according to the state statistical service, Cystat. Employees accounted for 472,254 of the total, while 52,913 were self-employed. The increase points to continued labor market growth across both wage employment and independent work.

Trade, Construction And Leisure Lead Employment Growth

Wholesale and retail trade, including motor vehicle and motorcycle repair, recorded some of the strongest employment gains, alongside construction and arts, entertainment and recreation.

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Those sectors are closely linked to domestic economic activity, with trade reflecting consumer demand and construction reflecting investment. Employment growth in leisure-related industries also points to continued activity in consumer-facing services.

Hours Worked Rise Faster Than Employment

Labor input increased faster than headcount. Cystat estimated that employees and other workers put in 246.57 million hours during the second quarter, up 2.2% from a year earlier.

The increase suggests that businesses were not only employing more people but also recording higher total hours worked. Wholesale and retail trade, construction, and arts, entertainment and recreation again recorded the strongest gains.

Labor Market Expansion Remains Broad-Based

The combination of higher employment and hours worked points to continued expansion in Cyprus’ labor market during the second quarter. The pace remains moderate, but gains across several major sectors indicate that labor demand continued to support economic activity.

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