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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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.

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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.

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