authorised payment — authorised payment — The Central Bank of Cyprus (CBC) is urging the public to verify which payment firms are legally authorised to operate in the Republic of Cyprus. This call to action comes as a precautionary measure for users of payment services and holders of electronic money accounts.
The CBC has recommended that individuals visit its official online registries, which provide comprehensive listings of licensed payment institutions and electronic money institutions. These registries are regularly updated to reflect the current status of operators permitted to offer such services in Cyprus.
In its advisory, the CBC also highlighted the importance of keeping an eye on any licence revocations, information that is made available in the same registries. Notably, the bank reported that two electronic money institution licences have already been revoked in 2025, underscoring the necessity for vigilance.
Last week, the CBC issued a warning regarding a forged letter that had been circulating, which bore the bank’s insignia and logos. This fraudulent letter demanded money from a citizen, but the CBC confirmed that it did not originate from them. The matter has been escalated to the relevant authorities for further investigation.
With the evolving landscape of digital payments, the CBC’s advice serves as a crucial reminder for consumers to ensure they are engaging with legitimate institutions to protect themselves from potential fraud and to maintain financial security.
