Cyprus Surpasses EU Average In Digital Banking Adoption

The latest data from Eurostat’s Digitalisation in Europe 2025 report underscores a decisive shift in consumer banking habits. Cyprus now leads the European Union with 85.1 percent of internet users managing their finances online in 2024, a significant rise from 77.7 percent in 2023 and 71.4 percent in 2022. Meanwhile, the EU average reached 72.4 percent in 2024, climbing steadily from 56 percent in 2014.

Regional And Demographic Insights

Across the EU, online banking is most widely embraced by individuals aged 25 to 64, where 76 percent engage in digital transactions. Younger internet users aged 16 to 24 demonstrated a 66 percent adoption rate, and even among the 65 to 74 age group, 59 percent have moved to online banking. A closer look at the data reveals that Denmark leads with 98 percent usage, closely followed by Finland and the Netherlands at 97 percent each, and Latvia at 91 percent. In contrast, Romania and Bulgaria trail significantly at 17 percent and 20 percent respectively.

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

Bank Of Cyprus: Driving The Digital Transformation

In Cyprus, the transformation is further evidenced by robust performance at the Bank of Cyprus (BoC). Recent figures show that digital transactions accounted for 96.6 percent of all banking activity in March 2025, up from 86.2 percent in March 2021. The BoC Mobile app continues to gain momentum, with active users rising to 451,012 in March 2025 from 420,087 the previous year. During this period of rapid digital adoption, George Tziortzis, the director of IT and digital transformation at the Bank of Cyprus, affirmed the bank’s commitment to leveraging digital channels to enhance customer experience and operational security while also addressing challenges of customer education regarding new digital interfaces.

Implications For The Broader Banking Landscape

Analysts believe that the accelerated shift to online banking will enable financial institutions to reduce costs and heighten security protocols. However, as banks continue to advance their digital offerings, gaps in internet literacy remain a concern. Regions with lower digital engagement risk falling further behind as the landscape evolves. This trend underscores the need for a balanced approach that ensures both technological progress and inclusivity in access to digital services.

As evidenced in Cyprus and other leading EU markets, the trend toward digital banking is not just a temporary shift but a fundamental transformation in how financial services are delivered and consumed across Europe.

The Future Forbes Realty Global Properties

Cyprus Ranks Among EU Leaders In Tertiary-Educated ICT Workforce

by THEFUTURE.TEAM

May 25, 2026

High Educational Attainment Sets Cyprus Apart

Recent data from Eurostat showed that Cyprus is expected to rank among the leading European countries for tertiary-educated ICT professionals in 2025. According to the figures, 96.4% of ICT professionals in Cyprus are projected to hold tertiary education qualifications, placing the country among the highest-ranked members of the European Union.

Gender Disparity Remains A Critical Challenge

Despite the high level of educational attainment, the ICT workforce in Cyprus continues to show a significant gender imbalance. Men are projected to account for 85.1% of ICT employees in 2025, while women are expected to represent 14.9% of the sector. In 2024, the split stood at 70.9% for men and 29.1% for women. The figures highlighted a widening gender gap within the country’s ICT workforce.

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

European Union Trends And Comparative Analysis

Across the European Union, the number of ICT professionals is projected to increase to 3.4 million in 2025 from 3.2 million in 2024, representing annual growth of 5.1%. Men are expected to account for 83.4% of ICT employment across the bloc, equivalent to approximately 2.8 million workers, while women are projected to represent 16.6%.

National Performance Variability In Gender Representation

Countries within the EU show a varied landscape: the highest percentages of male ICT professionals are reported in the Czech Republic (92.9%), Slovenia (89.1%), Latvia (89.0%), Lithuania (88.9%), and Slovakia (88.4%). On the contrary, nations such as Denmark (30.0%), Sweden (29.8%), Romania (28.6%), Bulgaria (25.6%), and Croatia (25.2%) lead in female participation in the ICT arena.

Educational Background Across The European ICT Sector

Eurostat data also showed that most ICT professionals across the EU hold tertiary education qualifications. By 2025, 74.8% of ICT workers in the bloc are projected to have university-level education, while 25.2% are expected to hold secondary or post-secondary qualifications. Denmark recorded the highest share of tertiary-educated ICT professionals at 97.7%, followed by France at 96.6% and Cyprus at 96.4%. Other countries with high levels of tertiary-educated ICT workers included Ireland at 92.3%, Bulgaria at 91.1%, and Croatia at 90.9%. At the lower end of the ranking, Italy recorded 69.2%, while Portugal stood at 58.8%.

Conclusion

The data perfectly encapsulates the dual narrative in the ICT sector: while countries like Cyprus and Denmark achieve remarkable educational standards among ICT workers, persistent gender disparities remind us that diversity remains an ongoing challenge. As the ICT landscape continues to evolve, strategic policy formation and corporate governance will be pivotal in balancing excellence with inclusivity.

Breaking news