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The Boc Wallet App provides enhanced security through its use of Tokenization technology, meaning that a userвЂ™s card details are encrypted and are not stored on the app or anywhere on the mobile device.

This way, when making a purchase at any merchant in Cyprus or overseas, rather than use your physical plastic card, users can simply hold their mobile phone over the POS terminal and carry out their transaction quickly, easily and securely.

#BOC WALLETS FOR FREE#

The BoC Wallet app is a digital wallet, which you can download and install for free from Google Store, in which users can register all their Visa card number or numbers. Charis Pouangare, Director of Consumer & SME Banking, stated: вЂњThis important new service is part of the roll-out of our digital strategy and the provision of digital products to our customers. It is part of the bankвЂ™s digital transformation and itвЂ™s Digital Strategy, aiming to provide customers the most up-to-date services.Дr.

For transactions over в‚¬20, follow the same steps, except here you will need to enter your cardвЂ™s PIN for the transaction to be approved and then place your mobile device over the reader of the merchantвЂ™s POS terminal once again to complete the transaction.Д¬ontactless payments using mobile phones are the future in payments, and hence the special importance of the roll-out of the BoC Wallet App by the Bank of Cyprus.

The BoC Wallet App is immediately activated and the transaction is completed.

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Producer prices YoY +14.3% vs +15.0% prior (revised to 15.The BoC Wallet App is available for Android devices with OS 5.0+, is offered free of charge and applies to Bank of Cyprus cards only.ДЇor transactions under в‚¬20, activate the screen of your mobile phone and hold it over the merchantвЂ™s POS terminal with the screen facing up.Producer prices MoM -1.1% vs +1.8% prior.Average hourly wages YoY +5.2% vs +3.9% prior.CPI excluding gasoline Yoy +6.5% vs +6.3% prior.CPI MoM for June +0.7% vs +0.9% expected.Canada June CPI YoY+8.1% +% vs +8.4% expected.вЂњPart of that can be attributed to the fact that Canada consumes more domestically grown food in the summer, which helps keep costs down,вЂќ she said, so we might see an increase as we head to winter. ThatвЂ™s the same pace of increase seen the previous month, but economist Tu Nguyen with HR consultancy RSM Canada says itвЂ™s too soon to conclude that food prices may have reached a peak. Another major factor for inflation have been food prices, which rose by 8.8% in the past year. If petrol is removed out, the inflation rate would be at 6.5%.

Petrol was the biggest single contributor to the overall rate going up, as pump prices were up by 54.6% compared to the same month a year ago. CPI annualized inflation increased to 8.1% last month according to Statistics Canada, which is the fastest increase in the cost of living in nearly four decades. Canada has been a bit behind in this regard, but inflation is catching up with the US. Inflation has been increasing everywhere, which increases the cost of living. Make the Most of Crypto Trading Signals.

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