*By Nicolas Treppides
The era of digital money is not just approaching – it is already here. And Cyprus finds itself in a unique position: with the right strategy, it can evolve into a regional leader in the field of digital payments and innovative financial services.
As recently stated by George Karatzias, Executive Board Member of the Central Bank of Cyprus (CBC), Cyprus currently ranks fourth in the EU in terms of the number of licensed Electronic Money Institutions (EMIs). In total, the country hosts 28 EMIs and 12 Payment Institutions (PIs), with dozens of applications under review. This dynamic picture is no coincidence; it reflects the strategic importance the market places on the flexible and innovative payment solutions offered by EMIs.
Even more impressive is the…
