BoC restricts customer use of external web payments services

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BoC restricts customer use of external web...
 © BusinessMail 2018
By Stelios Orphanides

Bank of Cyprus has restricted its customers’ ability to use online payment systems as consumers are seeking ways to cost-effectively transfer funds, a bank customer said.

The customer, who has been using the web-based Transferwise payment system some time now to transfer funds from his Bank of Cyprus account –via the 1Bank service– to the accounts of his children studying in the UK, discovered on Wednesday that he could not proceed with the transaction, which the bank declined to carry out, he said. “When I attempted to transfer £2,000, I was...


BoC restricts customer use of external web payments services


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