Catalyst for change
In line with the Eurosystem’s catalyst role for facilitating EU market integration, the Central Bank of Cyprus (CBC) facilitates market-led change aiming at improving the functioning of the local retail payments market.
Facilitator for the implementation of regulatory reforms
The CBC aims at facilitating, on an ongoing basis, the national implementation of regulatory reforms through cooperation with other competent authorities and government departments accordingly.
National Payments Committee
The CBC chairs the National Payments Committee (NPC), whose objective entails developing and implementing a national payments policy as well as monitoring new developments in the market, with a view to fostering change.
For more information, please refer to Section Advisory Groups and Committees.