Instant Payments Coming to Cyprus in 2025
December 11, 2024
Starting January 9, 2025, Cyprus will adopt EU regulations for instant payments, allowing money transfers to be completed in 10 seconds, anytime and anywhere. Traditional money transfers can take up to three days to complete, making them slower. With instant payments, funds will be immediately available for use, contributing to economic growth. The Central Bank has outlined key dates for the implementation of these regulations.