The European Central Bank (ECB) has substantially amended the requirements for collecting and reporting payment statistics. The previous annual reporting requirements, under Regulation (EU) No 1409/2013 of the ECB of 28 November 2013 on payment statistics (ECB/2013/43) have been significantly expanded and the reporting frequency has been increased. In particular, the amended Regulation (EU) 2020/2011 on payment statistics that entered into force on 1 January 2022 covers - inter alia - detailed information on card functions, card accepting devices, fraudulent payment transactions and cross-border card payment transactions broken down by individual merchant category codes and recipient countries. The amended Regulation obliges payment services providers (PSPs) and payment system operators to report payment statistics to the CBC on a quarterly and half-year basis. The CBC subsequently submits to the ECB the statistical data collected.
For more information, please conτact us at the email address PaymentStatistics@centralbank.cy.